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.
MarketClub’s Trade Triangles for GBPCAD
The long term trend has been UP since Dec 24th, 2018 at 1.727665
The intermediate term trend has been DOWN since Feb 14th, 2019 at 1.698575
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).