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Forex Trend Analysis Report

Prepared for you on Wednesday, March 22, 2023.

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
0.59668 0.59700 0.59280 0.59350 -0.00318
Entry Signal

MarketClub’s Trade Triangles for CADGBP

long term down The long-term trend has been DOWN since Oct 26th, 2022 at 0.63400

intermediate term down The intermediate-term trend has been DOWN since Feb 28th, 2023 at 0.60890

short term down The short-term trend has been DOWN since Mar 17th, 2023 at 0.59829

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
0.59668 0.59700 0.59280 0.59350 -0.00318
Prev. Close Volume Bid Ask Time
0.59668 2023-03-22 21:25:21
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