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Forex Trend Analysis Report

Prepared for you on Wednesday, July 15, 2020.

British Pound/Canadian Dollar (FOREX:GBPCAD)

Sidelines Mode (-55) - GBPCAD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
1.709600 1.715970 1.699480 1.699495 -0.010105
Entry Signal

MarketClub’s Trade Triangles for GBPCAD

long term down The long-term trend has been DOWN since Mar 18th, 2020 at 1.6715701

intermediate term up The intermediate-term trend has been UP since Jul 10th, 2020 at 1.7163500

short term down The short-term trend has been DOWN since Jul 14th, 2020 at 1.7071350

Smart Scan Analysis for GBPCAD

Based on our trend formula, GBPCAD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for GBPCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.709600 1.715970 1.699480 1.699495 -0.010105
Prev. Close Volume Bid Ask Time
1.709600 1.699420 1.699570 2020-07-15 12:47:43
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