Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Saturday, February 23, 2019.

British Pound/Canadian Dollar (FOREX:GBPCAD)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_GBPCAD
Open High Low GBPCAD Price Change
1.71390 1.71505 1.70845 1.70845 -0.00545
Entry Signal

MarketClub’s Trade Triangles for GBPCAD

long term up The long term trend has been UP since Dec 24th, 2018 at 1.727665

intermediate term down The intermediate term trend has been DOWN since Feb 14th, 2019 at 1.698575

short term down The short term trend has been DOWN since Feb 23rd, 2019 at 1.713900

Smart Scan Analysis for GBPCAD

Based on a pre-defined weighted trend formula for chart analysis, GBPCAD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for GBPCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.71390 1.71505 1.70845 1.70845 -0.00545
Prev. Close Volume Bid Ask Time
1.71390 1.70810 1.70880 2019-02-23 09:41:11
Want to analyze British Pound/Canadian Dollar GBPCAD or another symbol? Try our Free Forex Trend Analysis Report.