Forex Trend Analysis Report
Prepared for you on Friday, March 29, 2024.
Canadian Dollar/British Pound (FOREX:CADGBP)
Crossroads (+60) - CADGBP is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid CADGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CADGBP
The long-term trend has been DOWN since Mar 4th, 2024 at 0.5806
The intermediate-term trend has been UP since Mar 28th, 2024 at 0.5844
The short-term trend has been UP since Mar 21st, 2024 at 0.5814
Smart Scan Analysis for CADGBP
Based on our trend formula, CADGBP is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
0.5851 | 0.5851 | 0.5842 | 0.5846 | -0.0005 |
Prev. Close | Volume | Bid | Ask | Time |
0.5851 | 2024-03-29 05:33:55 |