Forex Trend Analysis Report
Prepared for you on Thursday, October 28, 2021.
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 Jul 19th, 2021 at 0.27067237
The intermediate-term trend has been DOWN since Oct 15th, 2021 at 0.26904794
The short-term trend has been UP since Oct 27th, 2021 at 0.26926625
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).