Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
Canadian Dollar/British Pound (FOREX:CADGBP)
Weak Uptrend (+65) - CADGBP is showing signs of weakening momentum to the upside. Monitor CADGBP as it may be in the beginning stages of a reversal.
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 Sep 19th, 2023 at 0.60200
The intermediate-term trend has been DOWN since Oct 23rd, 2023 at 0.59659
The short-term trend has been UP since Nov 30th, 2023 at 0.58370
Smart Scan Analysis for CADGBP
Based on our trend formula, CADGBP is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).