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.
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 UP since Jan 16th, 2018 at 1.71658
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).