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Forex Trend Analysis Report
Prepared for you on Friday, May 10, 2024.
British Pound/CFA Franc BEAC (FOREX:GBPXAF)
Sidelines Mode (+55) - GBPXAF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid GBPXAF?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPXAF.
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 GBPXAF
The long-term trend has been UP since Jan 26th, 2024 at 766.8021
The intermediate-term trend has been UP since Apr 29th, 2024 at 767.8433
The short-term trend has been DOWN since May 8th, 2024 at 766.8424
Smart Scan Analysis for GBPXAF
Based on our trend formula, GBPXAF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 762.6077 | 762.6077 | 762.6077 | 762.6077 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 761.9212 | 2024-05-08 21:02:50 |