Forex Trend Analysis Report
Prepared for you on Tuesday, May 26, 2020.
British Pound/East Caribbean Dollar (FOREX:GBPXCD)
Sidelines Mode (-55) - GBPXCD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for GBPXCD
The long-term trend has been DOWN since Feb 28th, 2020 at 3.4506512
The intermediate-term trend has been DOWN since May 12th, 2020 at 3.3119282
The short-term trend has been UP since May 26th, 2020 at 3.3030634
Smart Scan Analysis for GBPXCD
Based on our trend formula, GBPXCD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).