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Forex Trend Analysis Report

Prepared for you on Monday, April 6, 2020.

British Pound/Canadian Dollar (FOREX:GBPCAD)

Bear Market Rally (-75) - GBPCAD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPCAD as it may be in the beginning 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.

FOREX_GBPCAD
Open High Low GBPCAD Price Change
1.735945 1.740945 1.729700 1.735955 +0.000010
Entry Signal

MarketClub’s Trade Triangles for GBPCAD

long term down The long-term trend has been DOWN since Mar 18th, 2020 at 1.6715701

intermediate term down The intermediate-term trend has been DOWN since Mar 13th, 2020 at 1.6961000

short term down The short-term trend has been DOWN since Apr 3rd, 2020 at 1.7393550

Smart Scan Analysis for GBPCAD

Based on our trend formula, GBPCAD is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-80
Smart Scan Analysis for GBPCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.735945 1.740945 1.729700 1.735955 +0.000010
Prev. Close Volume Bid Ask Time
1.735945 1.735650 1.736260 2020-04-06 13:30:44
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