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.
MarketClub’s Trade Triangles for CADGBP
The long term trend has been DOWN since Oct 11th, 2019 at 0.599100
The intermediate term trend has been DOWN since Aug 23rd, 2019 at 0.613030
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).