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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

British Pound/ (FOREX:GBPCDF)

Crossroads (-60) - GBPCDF 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 GBPCDF?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPCDF.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPCDF
Open High Low GBPCDF Price Change
2731.7128 2731.7128 2731.7128 2731.7128 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPCDF

long term down The long-term trend has been DOWN since Jul 19th, 2021 at 2726.8490

intermediate term up The intermediate-term trend has been UP since Oct 19th, 2021 at 2724.4618

short term up The short-term trend has been UP since Oct 19th, 2021 at 2722.7496

Smart Scan Analysis for GBPCDF

Based on our trend formula, GBPCDF is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for GBPCDF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2731.7128 2731.7128 2731.7128 2731.7128 0.0000
Prev. Close Volume Bid Ask Time
2731.7128 2021-10-20 07:19:49
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