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Forex Trend Analysis Report

Prepared for you on Monday, March 4, 2024.

Canadian Dollar/British Pound (FOREX:CADGBP)

Weak Downtrend (-65) - CADGBP is showing signs of a strengthening downtrend. Monitor CADGBP as it may be building momentum to the downside.

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.

FOREX_CADGBP
Open High Low CADGBP Price Change
0.582265 0.582400 0.581400 0.581600 -0.000665
Entry Signal

MarketClub’s Trade Triangles for CADGBP

long term up The long-term trend has been UP since Sep 19th, 2023 at 0.6020

intermediate term down The intermediate-term trend has been DOWN since Feb 20th, 2024 at 0.5842

short term down The short-term trend has been DOWN since Feb 20th, 2024 at 0.5876

Smart Scan Analysis for CADGBP

Based on our trend formula, CADGBP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for CADGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.582265 0.582400 0.581400 0.581600 -0.000665
Prev. Close Volume Bid Ask Time
0.582265 2024-03-04 04:04:27
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