Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
British Pound/ (FOREX:GBPCDF)
Long-Term Uptrend (+90) - GBPCDF is in a strong uptrend that is likely to continue. While GBPCDF is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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 May 21st, 2020 at 2223.9181
The intermediate-term trend has been UP since Oct 13th, 2020 at 2535.7930
The short-term trend has been UP since Feb 9th, 2021 at 2718.2602
Smart Scan Analysis for GBPCDF
Based on our trend formula, GBPCDF is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).