Forex Trend Analysis Report
Prepared for you on Sunday, January 20, 2019.
British Pound/CFA Franc BEAC (FOREX:GBPXAF)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for GBPXAF
The long term trend has been DOWN since Dec 11th, 2018 at 728.07
The intermediate term trend has been UP since Jan 7th, 2019 at 730.10
The short term trend has been UP since Jan 7th, 2019 at 729.97
Smart Scan Analysis for GBPXAF
Based on a pre-defined weighted trend formula for chart analysis, GBPXAF scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).