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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.

FOREX_GBPXOF
Open High Low GBPXOF Price Change
742.92 742.92 742.92 742.92 0.00
Entry Signal

MarketClub’s Trade Triangles for GBPXOF

long term down The long term trend has been DOWN since Jul 2nd, 2018 at 741.71

intermediate term down The intermediate term trend has been DOWN since Jun 26th, 2018 at 744.97

short term up 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).

-85
Smart Scan Analysis for GBPXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
742.92 742.92 742.92 742.92 0.00
Prev. Close Volume Bid Ask Time
742.92 742.92 742.92 2018-07-15 20:25:53
Want to analyze British Pound/CFA Franc BCEAO GBPXOF or another symbol? Try our Free Forex Trend Analysis Report.