Free Daily Analysis

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.

FOREX_GBPXCD
Open High Low GBPXCD Price Change
3.3016713 3.3371407 3.3006834 3.3330456 +0.0313740
Entry Signal

MarketClub’s Trade Triangles for GBPXCD

long term down The long-term trend has been DOWN since Feb 28th, 2020 at 3.4506512

intermediate term down The intermediate-term trend has been DOWN since May 12th, 2020 at 3.3119282

short term up 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).

-55
Smart Scan Analysis for GBPXCD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.3016713 3.3371407 3.3006834 3.3330456 +0.0313740
Prev. Close Volume Bid Ask Time
3.3016713 3.3153478 3.3507434 2020-05-26 09:50:30
Get a free daily analysis and signals for British Pound/East Caribbean Dollar (GBPXCD) - Request Your Free Report.