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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.
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MarketClub’s Trade Triangles for GBPCAD
The long-term trend has been UP since Dec 24th, 2020 at 1.755330
The intermediate-term trend has been UP since Dec 23rd, 2020 at 1.740770
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).
| 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 |