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Forex Trend Analysis Report
Prepared for you on Thursday, December 12, 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.
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MarketClub’s Trade Triangles for CADGBP
The long-term trend has been DOWN since Mar 4th, 2024 at 0.5806
The intermediate-term trend has been DOWN since Dec 6th, 2024 at 0.5560
The short-term trend has been DOWN since Dec 4th, 2024 at 0.5603
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.553675 | 0.554965 | 0.553100 | 0.554025 | +0.000350 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.553675 | 2024-12-12 08:54:28 |