Analyze Symbol
Forex Trend Analysis Report
Prepared for you on Monday, May 20, 2019.
British Pound/East Caribbean Dollar (FOREX:GBPXCD)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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.
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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 DOWN since May 15th, 2019 at 3.47835
The short term trend has been DOWN since May 8th, 2019 at 3.52495
Smart Scan Analysis for GBPXCD
Based on a pre-defined weighted trend formula for chart analysis, GBPXCD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.44185 | 3.44720 | 3.43665 | 3.43815 | -0.00370 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.44185 | 3.41980 | 3.45650 | 2019-05-20 13:25:46 |