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Forex Trend Analysis Report
Prepared for you on Wednesday, May 1, 2024.
British Pound/Canadian Dollar (FOREX:GBPCAD)
Bull Market Weakness (+75) - GBPCAD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPCAD as it may be in the beginning stages of a reversal.
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 UP since Mar 4th, 2024 at 1.7224000
The intermediate-term trend has been DOWN since Mar 28th, 2024 at 1.7112393
The short-term trend has been UP since Apr 25th, 2024 at 1.7091299
Smart Scan Analysis for GBPCAD
Based on our trend formula, GBPCAD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.718855 | 1.721245 | 1.717305 | 1.718880 | +0.000025 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.718855 | 2024-05-01 13:40:21 |