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Forex Trend Analysis Report

Prepared for you on Friday, March 31, 2023.

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.

Open High Low GBPCAD Price Change
1.67640 1.67917 1.66620 1.66660 -0.00980
Entry Signal

MarketClub’s Trade Triangles for GBPCAD

long term up The long-term trend has been UP since Oct 26th, 2022 at 1.577335

intermediate term up The intermediate-term trend has been UP since Feb 28th, 2023 at 1.641950

short term down The short-term trend has been DOWN since Mar 24th, 2023 at 1.669600

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).

Smart Scan Analysis for GBPCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.67640 1.67917 1.66620 1.66660 -0.00980
Prev. Close Volume Bid Ask Time
1.67640 2023-03-31 17:11:45
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