Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Canadian Dollar/British Pound (FOREX:CADGBP)
Bull Market Weakness (+75) - CADGBP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CADGBP as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid CADGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CADGBP
The long-term trend has been UP since Mar 18th, 2020 at 0.590815
The intermediate-term trend has been UP since May 7th, 2020 at 0.579320
The short-term trend has been DOWN since May 21st, 2020 at 0.584715
Smart Scan Analysis for CADGBP
Based on our trend formula, CADGBP is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).