Forex Trend Analysis Report
Prepared for you on Monday, June 24, 2019.
British Pound/East Caribbean Dollar (FOREX:GBPXCD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for GBPXCD
The long term trend has been DOWN since May 17th, 2019 at 3.45285
The intermediate term trend has been UP since Jun 24th, 2019 at 3.44875
The short term trend has been UP since Jun 19th, 2019 at 3.40585
Smart Scan Analysis for GBPXCD
Based on a pre-defined weighted trend formula for chart analysis, GBPXCD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).