Forex Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
Canadian Dollar/British Pound (FOREX:CADGBP)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 UP since May 4th, 2018 at 0.57593
The intermediate term trend has been DOWN since Jun 5th, 2018 at 0.57460
The short term trend has been UP since Jul 17th, 2018 at 0.57810
Smart Scan Analysis for CADGBP
Based on a pre-defined weighted trend formula for chart analysis, CADGBP scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).