Forex Trend Analysis Report
Prepared for you on Saturday, February 27, 2021.
British Pound/Canadian Dollar (FOREX:GBPCAD)
Bull Market Weakness (+75) - GBPCAD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPCAD as it may be in the beginning stages of a reversal.
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 UP since Dec 24th, 2020 at 1.755330
The intermediate-term trend has been UP since Dec 23rd, 2020 at 1.740770
The short-term trend has been DOWN since Feb 25th, 2021 at 1.765435
Smart Scan Analysis for GBPCAD
Based on our trend formula, GBPCAD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).