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Forex Trend Analysis Report

Prepared for you on Wednesday, February 24, 2021.

Canadian Dollar/British Pound (FOREX:CADGBP)

Strong Downtrend (-100) - CADGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

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
0.561200 0.565905 0.559900 0.564800 +0.003600
Entry Signal

MarketClub’s Trade Triangles for CADGBP

long term down The long-term trend has been DOWN since Dec 25th, 2020 at 0.569600

intermediate term down The intermediate-term trend has been DOWN since Dec 23rd, 2020 at 0.574485

short term down The short-term trend has been DOWN since Feb 5th, 2021 at 0.569300

Smart Scan Analysis for CADGBP

Based on our trend formula, CADGBP is rated as a -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
0.561200 0.565905 0.559900 0.564800 +0.003600
Prev. Close Volume Bid Ask Time
0.561200 2021-02-24 18:38:09
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