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.
MarketClub’s Trade Triangles for GBPCAD
The long-term trend has been DOWN since Mar 18th, 2020 at 1.6715701
The intermediate-term trend has been DOWN since Mar 13th, 2020 at 1.6961000
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).