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Forex Trend Analysis Report

Prepared for you on Wednesday, March 3, 2021.

British Pound/Canadian Dollar (FOREX:GBPCAD)

Countertrend Up (+85) - GBPCAD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
1.762925 1.766805 1.760285 1.764990 +0.002065
Entry Signal

MarketClub’s Trade Triangles for GBPCAD

long term up The long-term trend has been UP since Dec 24th, 2020 at 1.755330

intermediate term up The intermediate-term trend has been UP since Dec 23rd, 2020 at 1.740770

short term down The short-term trend has been DOWN since Feb 25th, 2021 at 1.765435

Smart Scan Analysis for GBPCAD

Based on our trend formula, GBPCAD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for GBPCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.762925 1.766805 1.760285 1.764990 +0.002065
Prev. Close Volume Bid Ask Time
1.762925 2021-03-03 08:52:54
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