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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.

FOREX_GBPCAD
Open High Low GBPCAD Price Change
1.6970324 1.6994608 1.6938500 1.6993500 +0.0023180
Entry Signal

MarketClub’s Trade Triangles for GBPCAD

long term down The long-term trend has been DOWN since Apr 9th, 2021 at 1.717995

intermediate term up The intermediate-term trend has been UP since Apr 19th, 2021 at 1.744835

short term up 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).

+50
Smart Scan Analysis for GBPCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.6970324 1.6994608 1.6938500 1.6993500 +0.0023180
Prev. Close Volume Bid Ask Time
1.6970324 2021-05-09 17:41:03
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