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Forex Trend Analysis Report

Prepared for you on Thursday, August 13, 2020.

Canadian Dollar/British Pound (FOREX:CADGBP)

Weak Uptrend (+65) - CADGBP is showing signs of weakening momentum to the upside. Monitor CADGBP as it may be in the beginning stages of a reversal.

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
0.578305 0.578700 0.576700 0.577255 -0.001050
Entry Signal

MarketClub’s Trade Triangles for CADGBP

long term up The long-term trend has been UP since Mar 18th, 2020 at 0.590815

intermediate term down The intermediate-term trend has been DOWN since Jul 10th, 2020 at 0.582600

short term up The short-term trend has been UP since Aug 11th, 2020 at 0.574015

Smart Scan Analysis for CADGBP

Based on our trend formula, CADGBP is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for CADGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.578305 0.578700 0.576700 0.577255 -0.001050
Prev. Close Volume Bid Ask Time
0.578305 0.577200 0.577310 2020-08-13 07:39:51
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