Forex Trend Analysis Report
Prepared for you on Thursday, June 20, 2019.
East Caribbean Dollar/British Pound (FOREX:XCDGBP)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for XCDGBP
The long term trend has been UP since May 17th, 2019 at 0.289625
The intermediate term trend has been UP since May 15th, 2019 at 0.287520
The short term trend has been DOWN since Jun 19th, 2019 at 0.293620
Smart Scan Analysis for XCDGBP
Based on a pre-defined weighted trend formula for chart analysis, XCDGBP scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).