Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
British Pound/Canadian Dollar (FOREX:GBPCAD)
Countertrend Down (-85) - GBPCAD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid GBPCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPCAD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPCAD
The long-term trend has been DOWN since Oct 8th, 2021 at 1.6982053
The intermediate-term trend has been DOWN since Sep 24th, 2021 at 1.7293350
The short-term trend has been UP since Oct 19th, 2021 at 1.7057450
Smart Scan Analysis for GBPCAD
Based on our trend formula, GBPCAD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).