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Forex Trend Analysis Report

Prepared for you on Friday, November 17, 2017.

British Pound/Canadian Dollar (FOREX:GBPCAD)

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.

Open High Low GBPCAD Price Change
1.684055 1.692840 1.680965 1.687775 +0.003720
Entry Signal

MarketClub’s Trade Triangles for GBPCAD

long term up The long term trend has been UP since Oct 25th, 2017 at 1.69033

intermediate term down The intermediate term trend has been DOWN since Nov 13th, 2017 at 1.66098

short term up The short term trend has been UP since Nov 14th, 2017 at 1.67822

Smart Scan Analysis for GBPCAD

Based on a pre-defined weighted trend formula for chart analysis, GBPCAD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for GBPCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.684055 1.692840 1.680965 1.687775 +0.003720
Prev. Close Volume Bid Ask Time
1.684055 1.687660 1.687890 2017-11-17 14:23:06
Want to analyze British Pound/Canadian Dollar GBPCAD or another symbol? Try our Free Forex Trend Analysis Report.