Index Trend Analysis Report
Prepared for you on Thursday, December 3, 2020.
PHLX GBP CURRENCY INDEX (NASDAQ:XDB)
Long-Term Uptrend (+90) - XDB is in a strong uptrend that is likely to continue. While XDB 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 XDB?
MarketClub looks at technical strength and momentum to determine if the timing is right for XDB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for XDB
The long-term trend has been UP since Jul 27th, 2020 at 128.14
The intermediate-term trend has been UP since Oct 9th, 2020 at 130.08
The short-term trend has been UP since Dec 3rd, 2020 at 134.41
Smart Scan Analysis for XDB
Based on our trend formula, XDB is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||143.45||52wk High Date||2018-01-25|
|52wk Low||126.62||52wk Low Date||2018-08-15|