Forex Trend Analysis Report
Prepared for you on Monday, March 30, 2020.
Canadian Dollar/British Pound (FOREX:CADGBP)
Sidelines Mode (+55) - CADGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for CADGBP
The long-term trend has been UP since Mar 18th, 2020 at 0.590815
The intermediate-term trend has been UP since Mar 13th, 2020 at 0.588955
The short-term trend has been DOWN since Mar 24th, 2020 at 0.588895
Smart Scan Analysis for CADGBP
Based on our trend formula, CADGBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).