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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Canadian Dollar/British Pound (FOREX:CADGBP)
Long-Term Downtrend (-90) - CADGBP is in a strong downtrend that is likely to continue. While CADGBP is showing intraday strength, it remains in the confines of a bearish trend. 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.
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MarketClub’s Trade Triangles for CADGBP
The long-term trend has been DOWN since Mar 4th, 2024 at 0.5806
The intermediate-term trend has been DOWN since Jul 8th, 2024 at 0.5711
The short-term trend has been DOWN since Jul 24th, 2024 at 0.5617
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.562645 | 0.563100 | 0.561000 | 0.562100 | -0.000545 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.562645 | 2024-07-26 20:50:05 |