Forex Trend Analysis Report
Prepared for you on Saturday, February 27, 2021.
Canadian Dollar/British Pound (FOREX:CADGBP)
Countertrend Down (-85) - CADGBP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.
MarketClub’s Trade Triangles for CADGBP
The long-term trend has been DOWN since Dec 25th, 2020 at 0.569600
The intermediate-term trend has been DOWN since Dec 23rd, 2020 at 0.574485
The short-term trend has been UP since Feb 25th, 2021 at 0.566435
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).