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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

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.

FOREX_XCDGBP
Open High Low XCDGBP Price Change
0.29084093 0.29134417 0.29080763 0.29121836 +0.00037700
Entry Signal

MarketClub’s Trade Triangles for XCDGBP

long term down The long-term trend has been DOWN since Dec 14th, 2023 at 0.29063186

intermediate term down The intermediate-term trend has been DOWN since Mar 5th, 2024 at 0.29118506

short term up The short-term trend has been UP since Mar 12th, 2024 at 0.28918134

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).

-55
Smart Scan Analysis for XCDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.29084093 0.29134417 0.29080763 0.29121836 +0.00037700
Prev. Close Volume Bid Ask Time
0.29084093 2024-03-19 03:29:59
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