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Forex Trend Analysis Report

Prepared for you on Friday, January 28, 2022.

British Pound/Canadian Dollar (FOREX:GBPCAD)

Weak Downtrend (-65) - GBPCAD is showing signs of a strengthening downtrend. Monitor GBPCAD as it may be building momentum to the downside.

Is it time to buy, sell, or avoid GBPCAD?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPCAD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPCAD
Open High Low GBPCAD Price Change
1.706515 1.714555 1.705315 1.712355 +0.005840
Entry Signal

MarketClub’s Trade Triangles for GBPCAD

long term down The long-term trend has been DOWN since Oct 8th, 2021 at 1.6982053

intermediate term down The intermediate-term trend has been DOWN since Jan 17th, 2022 at 1.7072446

short term up The short-term trend has been UP since Jan 28th, 2022 at 1.7082750

Smart Scan Analysis for GBPCAD

Based on our trend formula, GBPCAD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for GBPCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.706515 1.714555 1.705315 1.712355 +0.005840
Prev. Close Volume Bid Ask Time
1.706515 2022-01-28 10:26:50
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