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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
British Pound/Canadian Dollar (FOREX:GBPCAD)
Crossroads (-60) - GBPCAD is struggling to move into a solid trend. Beware of choppy markets 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.
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MarketClub’s Trade Triangles for GBPCAD
The long-term trend has been UP since Mar 4th, 2024 at 1.722400
The intermediate-term trend has been DOWN since Nov 12th, 2024 at 1.785795
The short-term trend has been DOWN since Nov 1st, 2024 at 1.788310
Smart Scan Analysis for GBPCAD
Based on our trend formula, GBPCAD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.770675 | 1.774415 | 1.770185 | 1.771620 | +0.000945 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.770675 | 2024-11-20 03:34:00 |