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Forex Trend Analysis Report

Prepared for you on Sunday, April 21, 2024.

British Pound/Canadian Dollar (FOREX:GBPCAD)

Weak Downtrend (-65) - GBPCAD is showing signs of a strengthening downtrend. Monitor GBPCAD as it may be building momentum to the downside.

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
1.6991479 1.7117496 1.6991479 1.7024341 +0.0032860
Entry Signal

MarketClub’s Trade Triangles for GBPCAD

long term up The long-term trend has been UP since Mar 4th, 2024 at 1.7224000

intermediate term down The intermediate-term trend has been DOWN since Mar 28th, 2024 at 1.7112393

short term down The short-term trend has been DOWN since Apr 18th, 2024 at 1.7127400

Smart Scan Analysis for GBPCAD

Based on our trend formula, GBPCAD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for GBPCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.6991479 1.7117496 1.6991479 1.7024341 +0.0032860
Prev. Close Volume Bid Ask Time
1.6991479 2024-04-21 16:30:06
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