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Forex Trend Analysis Report

Prepared for you on Friday, December 8, 2023.

British Pound/East Caribbean Dollar (FOREX:GBPXCD)

Bear Market Rally (-75) - GBPXCD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPXCD as it may be in the beginning of a reversal.

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
3.4024726 3.4039297 3.3800043 3.3911597 -0.0113130
Entry Signal

MarketClub’s Trade Triangles for GBPXCD

long term down The long-term trend has been DOWN since Sep 20th, 2023 at 3.3429197

intermediate term up The intermediate-term trend has been UP since Nov 3rd, 2023 at 3.3337856

short term down The short-term trend has been DOWN since Dec 4th, 2023 at 3.4075349

Smart Scan Analysis for GBPXCD

Based on our trend formula, GBPXCD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for GBPXCD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.4024726 3.4039297 3.3800043 3.3911597 -0.0113130
Prev. Close Volume Bid Ask Time
3.4024726 2023-12-08 21:43:50
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