Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Saturday, December 5, 2020.

British Pound/ (FOREX:GBPCDF)

Countertrend Up (+85) - GBPCDF is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
2622.1656 2622.1656 2622.1656 2622.1656 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPCDF

long term up The long-term trend has been UP since May 21st, 2020 at 2223.9181

intermediate term up The intermediate-term trend has been UP since Oct 13th, 2020 at 2535.7930

short term up The short-term trend has been UP since Nov 22nd, 2020 at 2608.6767

Smart Scan Analysis for GBPCDF

Based on our trend formula, GBPCDF is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for GBPCDF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2622.1656 2622.1656 2622.1656 2622.1656 0.0000
Prev. Close Volume Bid Ask Time
2641.7304 2020-12-02 07:11:40
Get a free daily analysis and signals for British Pound/ (GBPCDF) - Request Your Free Report.