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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.
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MarketClub’s Trade Triangles for GBPCAD
The long-term trend has been DOWN since Oct 8th, 2021 at 1.6982053
The intermediate-term trend has been DOWN since Jan 17th, 2022 at 1.7072446
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).
| 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 |