Forex Trend Analysis Report
Prepared for you on Sunday, May 9, 2021.
British Pound/Canadian Dollar (FOREX:GBPCAD)
Sidelines Mode (+50) - GBPCAD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until GBPCAD can gain momentum.
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.
MarketClub’s Trade Triangles for GBPCAD
The long-term trend has been DOWN since Apr 9th, 2021 at 1.717995
The intermediate-term trend has been UP since Apr 19th, 2021 at 1.744835
The short-term trend has been UP since Apr 19th, 2021 at 1.738825
Smart Scan Analysis for GBPCAD
Based on our trend formula, GBPCAD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).