Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
Canadian Dollar/British Pound (FOREX:CADGBP)
Countertrend Up (+85) - CADGBP 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 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 Oct 8th, 2021 at 0.58740
The intermediate-term trend has been UP since Sep 24th, 2021 at 0.57829
The short-term trend has been DOWN since Oct 15th, 2021 at 0.58780
Smart Scan Analysis for CADGBP
Based on our trend formula, CADGBP is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).