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.
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 Oct 10th, 2018 at 0.58140
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).