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Forex Trend Analysis Report

Prepared for you on Monday, March 18, 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.

FOREX_GBPCAD
Open High Low GBPCAD Price Change
1.723190 1.725870 1.722105 1.722880 -0.000310
Entry Signal

MarketClub’s Trade Triangles for GBPCAD

long term up The long-term trend has been UP since Mar 4th, 2024 at 1.722400

intermediate term up The intermediate-term trend has been UP since Feb 20th, 2024 at 1.711675

short term down The short-term trend has been DOWN since Mar 15th, 2024 at 1.721950

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).

+75
Smart Scan Analysis for GBPCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.723190 1.725870 1.722105 1.722880 -0.000310
Prev. Close Volume Bid Ask Time
1.723190 2024-03-18 23:21:25
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