Forex Trend Analysis Report
Prepared for you on Saturday, April 21, 2018.
Canadian Dollar/British Pound (FOREX:CADGBP)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 0.591600
The intermediate term trend has been UP since Apr 10th, 2018 at 0.560225
The short term trend has been UP since Apr 18th, 2018 at 0.558500
Smart Scan Analysis for CADGBP
Based on a pre-defined weighted trend formula for chart analysis, CADGBP scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).