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Forex Trend Analysis Report

Prepared for you on Wednesday, January 24, 2018.

Canadian Dollar/British Pound (FOREX:CADGBP)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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
0.574140 0.574635 0.573785 0.574075 -0.000065
Entry Signal

MarketClub’s Trade Triangles for CADGBP

long term down The long term trend has been DOWN since Oct 25th, 2017 at 0.591600

intermediate term down The intermediate term trend has been DOWN since Jan 16th, 2018 at 0.582535

short term down The short term trend has been DOWN since Jan 10th, 2018 at 0.592300

Smart Scan Analysis for CADGBP

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

-100
Smart Scan Analysis for CADGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.574140 0.574635 0.573785 0.574075 -0.000065
Prev. Close Volume Bid Ask Time
0.574140 0.574010 0.574140 2018-01-24 04:57:13
Want to analyze Canadian Dollar/British Pound CADGBP or another symbol? Try our Free Forex Trend Analysis Report.