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Forex Trend Analysis Report

Prepared for you on Saturday, October 20, 2018.

Canadian Dollar/British Pound (FOREX:CADGBP)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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.

FOREX_CADGBP
Open High Low CADGBP Price Change
0.58518 0.58518 0.58511 0.58518 0.00000
Entry Signal

MarketClub’s Trade Triangles for CADGBP

long term up The long term trend has been UP since May 4th, 2018 at 0.57593

intermediate term down The intermediate term trend has been DOWN since Oct 10th, 2018 at 0.58140

short term down The short term trend has been DOWN since Oct 19th, 2018 at 0.58280

Smart Scan Analysis for CADGBP

Based on a pre-defined weighted trend formula for chart analysis, CADGBP scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for CADGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.58518 0.58518 0.58511 0.58518 0.00000
Prev. Close Volume Bid Ask Time
0.58518 0.58508 0.58528 2018-10-20 18:24:54
Want to analyze Canadian Dollar/British Pound CADGBP or another symbol? Try our Free Forex Trend Analysis Report.