Forex Trend Analysis Report
Prepared for you on Sunday, November 19, 2017.
Canadian Dollar/British Pound (FOREX:CADGBP)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
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 CADGBP
The long term trend has been DOWN since Oct 25th, 2017 at 0.59160
The intermediate term trend has been UP since Nov 13th, 2017 at 0.60210
The short term trend has been DOWN since Nov 14th, 2017 at 0.59587
Smart Scan Analysis for CADGBP
Based on a pre-defined weighted trend formula for chart analysis, CADGBP scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).