Forex Trend Analysis Report
Prepared for you on Tuesday, December 5, 2023.
East Caribbean Dollar/British Pound (FOREX:XCDGBP)
Sidelines Mode (-55) - XCDGBP 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 XCDGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for XCDGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for XCDGBP
The long-term trend has been UP since Sep 20th, 2023 at 0.29914814
The intermediate-term trend has been DOWN since Nov 3rd, 2023 at 0.29996775
The short-term trend has been UP since Dec 4th, 2023 at 0.29347556
Smart Scan Analysis for XCDGBP
Based on our trend formula, XCDGBP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).