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Forex Trend Analysis Report

Prepared for you on Wednesday, May 12, 2021.

British Pound/East Caribbean Dollar (FOREX:GBPXCD)

Long-Term Uptrend (+90) - GBPXCD is in a strong uptrend that is likely to continue. While GBPXCD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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.

FOREX_GBPXCD
Open High Low GBPXCD Price Change
3.8139558 3.8236418 3.7990511 3.7991846 -0.0147710
Entry Signal

MarketClub’s Trade Triangles for GBPXCD

long term up The long-term trend has been UP since Jul 26th, 2020 at 3.4613242

intermediate term up The intermediate-term trend has been UP since Apr 19th, 2021 at 3.7616396

short term up The short-term trend has been UP since Apr 14th, 2021 at 3.7229053

Smart Scan Analysis for GBPXCD

Based on our trend formula, GBPXCD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for GBPXCD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.8139558 3.8236418 3.7990511 3.7991846 -0.0147710
Prev. Close Volume Bid Ask Time
3.8139558 2021-05-12 14:30:23
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