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Forex Trend Analysis Report

Prepared for you on Thursday, February 21, 2019.

British Pound/Canadian Dollar (FOREX:GBPCAD)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.

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.

Open High Low GBPCAD Price Change
1.71771 1.71805 1.71771 1.71799 +0.00028
Entry Signal

MarketClub’s Trade Triangles for GBPCAD

long term up The long term trend has been UP since Dec 24th, 2018 at 1.727665

intermediate term down The intermediate term trend has been DOWN since Feb 14th, 2019 at 1.698575

short term up The short term trend has been UP since Feb 17th, 2019 at 1.712790

Smart Scan Analysis for GBPCAD

Based on a pre-defined weighted trend formula for chart analysis, GBPCAD scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for GBPCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.71771 1.71805 1.71771 1.71799 +0.00028
Prev. Close Volume Bid Ask Time
1.71790 1.71789 1.71809 2019-02-21 00:18:22
Want to analyze British Pound/Canadian Dollar GBPCAD or another symbol? Try our Free Forex Trend Analysis Report.