Forex Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
British Pound/CFA Franc BCEAO (FOREX:GBPXOF)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.
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 GBPXOF
The long term trend has been DOWN since Jul 2nd, 2018 at 741.71
The intermediate term trend has been DOWN since Jun 26th, 2018 at 744.97
The short term trend has been UP since Jul 15th, 2018 at 742.08
Smart Scan Analysis for GBPXOF
Based on a pre-defined weighted trend formula for chart analysis, GBPXOF scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).