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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Canadian Dollar/British Pound (FOREX:CADGBP)
Crossroads (+60) - CADGBP is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid CADGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CADGBP
The long-term trend has been DOWN since Mar 4th, 2024 at 0.5806
The intermediate-term trend has been UP since Nov 12th, 2024 at 0.5598
The short-term trend has been UP since Nov 5th, 2024 at 0.5569
Smart Scan Analysis for CADGBP
Based on our trend formula, CADGBP is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.564755 | 0.565160 | 0.563500 | 0.564410 | -0.000345 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.564755 | 2024-11-20 03:37:04 |