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.
MarketClub’s Trade Triangles for GBPXCD
The long-term trend has been UP since Jul 26th, 2020 at 3.4613242
The intermediate-term trend has been UP since Apr 19th, 2021 at 3.7616396
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).