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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

British Pound/Canadian Dollar (FOREX:GBPCAD)

Countertrend Down (-85) - GBPCAD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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
1.7036450 1.7052850 1.6974350 1.7003661 -0.0032790
Entry Signal

MarketClub’s Trade Triangles for GBPCAD

long term down The long-term trend has been DOWN since Oct 8th, 2021 at 1.6982053

intermediate term down The intermediate-term trend has been DOWN since Sep 24th, 2021 at 1.7293350

short term up The short-term trend has been UP since Oct 19th, 2021 at 1.7057450

Smart Scan Analysis for GBPCAD

Based on our trend formula, GBPCAD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for GBPCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.7036450 1.7052850 1.6974350 1.7003661 -0.0032790
Prev. Close Volume Bid Ask Time
1.7036450 2021-10-22 18:21:13
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