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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.

FOREX_GBPCAD
Open High Low GBPCAD Price Change
1.704065 1.704065 1.702110 1.702110 -0.001955
Entry Signal

MarketClub’s Trade Triangles for GBPCAD

long term down The long-term trend has been DOWN since Oct 8th, 2021 at 1.6982053

intermediate term down The intermediate-term trend has been DOWN since Sep 24th, 2021 at 1.7293350

short term down 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).

-100
Smart Scan Analysis for GBPCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.704065 1.704065 1.702110 1.702110 -0.001955
Prev. Close Volume Bid Ask Time
1.704065 2021-10-17 01:25:05
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