Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
British Pound/Canadian Dollar (FOREX:GBPCAD)
Strong Downtrend (-100) - GBPCAD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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.
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 Sep 24th, 2021 at 1.7293350
The short-term trend has been DOWN since Oct 15th, 2021 at 1.6902481
Smart Scan Analysis for GBPCAD
Based on our trend formula, GBPCAD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).