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Forex Trend Analysis Report

Prepared for you on Thursday, March 22, 2018.

British Pound/Canadian Dollar (FOREX:GBPCAD)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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
1.826385 1.826495 1.817570 1.823340 -0.003045
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 up The intermediate term trend has been UP since Jan 16th, 2018 at 1.71658

short term down The short term trend has been DOWN since Mar 21st, 2018 at 1.82266

Smart Scan Analysis for GBPCAD

Based on a pre-defined weighted trend formula for chart analysis, GBPCAD scored +85 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
1.826385 1.826495 1.817570 1.823340 -0.003045
Prev. Close Volume Bid Ask Time
1.826385 1.823150 1.823530 2018-03-22 17:17:18
Want to analyze British Pound/Canadian Dollar GBPCAD or another symbol? Try our Free Forex Trend Analysis Report.