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.
MarketClub’s Trade Triangles for GBPCAD
The long term trend has been UP since Oct 25th, 2017 at 1.69033
The intermediate term trend has been DOWN since Nov 13th, 2017 at 1.66098
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).