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Forex Trend Analysis Report

Prepared for you on Tuesday, December 7, 2021.

Canadian Dollar/British Pound (FOREX:CADGBP)

Long-Term Uptrend (+90) - CADGBP is in a strong uptrend that is likely to continue. While CADGBP is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
0.59092 0.59800 0.59080 0.59680 +0.00588
Entry Signal

MarketClub’s Trade Triangles for CADGBP

long term up The long-term trend has been UP since Oct 8th, 2021 at 0.58740

intermediate term up The intermediate-term trend has been UP since Dec 7th, 2021 at 0.59620

short term up The short-term trend has been UP since Dec 3rd, 2021 at 0.59077

Smart Scan Analysis for CADGBP

Based on our trend formula, CADGBP is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for CADGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.59092 0.59800 0.59080 0.59680 +0.00588
Prev. Close Volume Bid Ask Time
0.59092 2021-12-07 23:42:32
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