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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
British Pound/Canadian Dollar (FOREX:GBPCAD)
Long-Term Uptrend (+90) - GBPCAD is in a strong uptrend that is likely to continue. While GBPCAD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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.
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MarketClub’s Trade Triangles for GBPCAD
The long-term trend has been UP since Mar 4th, 2024 at 1.722400
The intermediate-term trend has been UP since Jul 7th, 2024 at 1.749950
The short-term trend has been UP since Jul 24th, 2024 at 1.779855
Smart Scan Analysis for GBPCAD
Based on our trend formula, GBPCAD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.777200 | 1.781580 | 1.776100 | 1.777975 | +0.000775 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.777200 | 2024-07-26 20:04:57 |