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Forex Trend Analysis Report

Prepared for you on Sunday, January 29, 2023.

British Pound/East Caribbean Dollar (FOREX:GBPXCD)

Countertrend Up (+85) - GBPXCD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid GBPXCD?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPXCD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPXCD
Open High Low GBPXCD Price Change
3.3460271 3.3460271 3.3460271 3.3460271 0.0000000
Entry Signal

MarketClub’s Trade Triangles for GBPXCD

long term up The long-term trend has been UP since Dec 1st, 2022 at 3.2841380

intermediate term up The intermediate-term trend has been UP since Jan 12th, 2023 at 3.3076923

short term down The short-term trend has been DOWN since Jan 24th, 2023 at 3.3324085

Smart Scan Analysis for GBPXCD

Based on our trend formula, GBPXCD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for GBPXCD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.3460271 3.3460271 3.3460271 3.3460271 0.0000000
Prev. Close Volume Bid Ask Time
3.3460271 2023-01-29 04:57:48
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