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Forex Trend Analysis Report

Prepared for you on Sunday, December 8, 2019.

Canadian Dollar/British Pound (FOREX:CADGBP)

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_CADGBP
Open High Low CADGBP Price Change
0.5744 0.5744 0.5744 0.5744 0.0000
Entry Signal

MarketClub’s Trade Triangles for CADGBP

long term down The long term trend has been DOWN since Oct 11th, 2019 at 0.599100

intermediate term down The intermediate term trend has been DOWN since Aug 23rd, 2019 at 0.613030

short term down The short term trend has been DOWN since Nov 29th, 2019 at 0.582485

Smart Scan Analysis for CADGBP

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

-100
Smart Scan Analysis for CADGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.5744 0.5744 0.5744 0.5744 0.0000
Prev. Close Volume Bid Ask Time
0.5744 0.5742 0.5746 2019-12-08 04:23:02
Want to analyze Canadian Dollar/British Pound CADGBP or another symbol? Try our Free Forex Trend Analysis Report.