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Forex Trend Analysis Report

Prepared for you on Friday, May 24, 2024.

Canadian Dollar/British Pound (FOREX:CADGBP)

Strong Downtrend (-100) - CADGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CADGBP continues to fall. Traders should use caution and set stops.

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.

FOREX_CADGBP
Open High Low CADGBP Price Change
0.573685 0.575200 0.572800 0.574590 +0.000905
Entry Signal

MarketClub’s Trade Triangles for CADGBP

long term down The long-term trend has been DOWN since Mar 4th, 2024 at 0.5806

intermediate term down The intermediate-term trend has been DOWN since May 15th, 2024 at 0.5805

short term down The short-term trend has been DOWN since May 13th, 2024 at 0.5827

Smart Scan Analysis for CADGBP

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

-100
Smart Scan Analysis for CADGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.573685 0.575200 0.572800 0.574590 +0.000905
Prev. Close Volume Bid Ask Time
0.573685 2024-05-24 15:32:11
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