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.
MarketClub’s Trade Triangles for GBPXCD
The long-term trend has been UP since Dec 1st, 2022 at 3.2841380
The intermediate-term trend has been UP since Jan 12th, 2023 at 3.3076923
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).