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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
British Pound/CFP Franc (FOREX:GBPXPF)
Long-Term Downtrend (-90) - GBPXPF is in a strong downtrend that is likely to continue. While GBPXPF is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid GBPXPF?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPXPF.
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 GBPXPF
The long-term trend has been DOWN since Mar 14th, 2024 at 136.60496
The intermediate-term trend has been DOWN since Apr 16th, 2024 at 139.13447
The short-term trend has been DOWN since May 7th, 2024 at 139.29517
Smart Scan Analysis for GBPXPF
Based on our trend formula, GBPXPF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 139.27594 | 139.29161 | 138.96509 | 139.17333 | -0.10261 |
| Prev. Close | Volume | Bid | Ask | Time |
| 139.27594 | 2024-05-09 06:11:21 |