Forex Trend Analysis Report
Prepared for you on Thursday, February 21, 2019.
Canadian Dollar/British Pound (FOREX:CADGBP)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for CADGBP
The long term trend has been DOWN since Dec 24th, 2018 at 0.578700
The intermediate term trend has been UP since Feb 14th, 2019 at 0.588705
The short term trend has been DOWN since Feb 17th, 2019 at 0.584100
Smart Scan Analysis for CADGBP
Based on a pre-defined weighted trend formula for chart analysis, CADGBP scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).