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Forex Trend Analysis Report

Prepared for you on Thursday, December 13, 2018.

British Pound/Canadian Dollar (FOREX:GBPCAD)

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_GBPCAD
Open High Low GBPCAD Price Change
1.685055 1.694845 1.684600 1.689160 +0.004105
Entry Signal

MarketClub’s Trade Triangles for GBPCAD

long term down The long term trend has been DOWN since May 4th, 2018 at 1.736240

intermediate term down The intermediate term trend has been DOWN since Dec 3rd, 2018 at 1.678625

short term down The short term trend has been DOWN since Dec 10th, 2018 at 1.690955

Smart Scan Analysis for GBPCAD

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

-100
Smart Scan Analysis for GBPCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.685055 1.694845 1.684600 1.689160 +0.004105
Prev. Close Volume Bid Ask Time
1.685055 1.689090 1.689230 2018-12-13 12:40:14
Want to analyze British Pound/Canadian Dollar GBPCAD or another symbol? Try our Free Forex Trend Analysis Report.