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Forex Trend Analysis Report

Prepared for you on Wednesday, December 12, 2018.

British Pound/CFA Franc BCEAO (FOREX:GBPXOF)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

FOREX_GBPXOF
Open High Low GBPXOF Price Change
723.67 723.67 723.67 723.67 0.00
Entry Signal

MarketClub’s Trade Triangles for GBPXOF

long term down The long term trend has been DOWN since Dec 11th, 2018 at 728.07

intermediate term down The intermediate term trend has been DOWN since Nov 18th, 2018 at 738.11

short term down The short term trend has been DOWN since Dec 2nd, 2018 at 740.65

Smart Scan Analysis for GBPXOF

Based on a pre-defined weighted trend formula for chart analysis, GBPXOF scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for GBPXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
723.67 723.67 723.67 723.67 0.00
Prev. Close Volume Bid Ask Time
723.67 723.67 723.67 2018-12-11 20:59:11
Want to analyze British Pound/CFA Franc BCEAO GBPXOF or another symbol? Try our Free Forex Trend Analysis Report.