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Forex Trend Analysis Report

Prepared for you on Wednesday, June 19, 2019.

British Pound/Canadian Dollar (FOREX:GBPCAD)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_GBPCAD
Open High Low GBPCAD Price Change
1.680910 1.683125 1.677270 1.682960 +0.002050
Entry Signal

MarketClub’s Trade Triangles for GBPCAD

long term down The long term trend has been DOWN since May 22nd, 2019 at 1.697400

intermediate term down The intermediate term trend has been DOWN since May 15th, 2019 at 1.731875

short term down The short term trend has been DOWN since Jun 17th, 2019 at 1.680700

Smart Scan Analysis for GBPCAD

Based on a pre-defined weighted trend formula for chart analysis, GBPCAD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for GBPCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.680910 1.683125 1.677270 1.682960 +0.002050
Prev. Close Volume Bid Ask Time
1.680910 1.682890 1.683030 2019-06-19 06:51:53
Want to analyze British Pound/Canadian Dollar GBPCAD or another symbol? Try our Free Forex Trend Analysis Report.