Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
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.
MarketClub’s Trade Triangles for GBPCDF
The long-term trend has been UP since Dec 2nd, 2023 at 3138.0694
The intermediate-term trend has been UP since Nov 19th, 2023 at 3028.4669
The short-term trend has been UP since Nov 12th, 2023 at 3009.1058
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).