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.
MarketClub’s Trade Triangles for GBPCDF
The long-term trend has been DOWN since Jul 19th, 2021 at 2726.8490
The intermediate-term trend has been UP since Oct 19th, 2021 at 2724.4618
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).