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Forex Trend Analysis Report

Prepared for you on Saturday, June 3, 2023.

British Pound/Canadian Dollar (FOREX:GBPCAD)

Sidelines Mode (+55) - GBPCAD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
1.6688142 1.6690318 1.6688142 1.6688142 0.0000000
Entry Signal

MarketClub’s Trade Triangles for GBPCAD

long term up The long-term trend has been UP since Oct 26th, 2022 at 1.577335

intermediate term up The intermediate-term trend has been UP since Apr 21st, 2023 at 1.684300

short term down The short-term trend has been DOWN since Jun 2nd, 2023 at 1.676890

Smart Scan Analysis for GBPCAD

Based on our trend formula, GBPCAD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for GBPCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.6688142 1.6690318 1.6688142 1.6688142 0.0000000
Prev. Close Volume Bid Ask Time
1.6688142 2023-06-03 00:14:17
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