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Forex Trend Analysis Report

Prepared for you on Monday, September 25, 2023.

British Pound/CFA Franc BEAC (FOREX:GBPXAF)

Strong Downtrend (-100) - GBPXAF is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPXAF continues to fall. Traders should use caution and set stops.

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.

FOREX_GBPXAF
Open High Low GBPXAF Price Change
755.2323 755.2323 755.2323 755.2323 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPXAF

long term down The long-term trend has been DOWN since Sep 23rd, 2023 at 755.2627

intermediate term down The intermediate-term trend has been DOWN since Sep 7th, 2023 at 763.7398

short term down The short-term trend has been DOWN since Sep 7th, 2023 at 763.7398

Smart Scan Analysis for GBPXAF

Based on our trend formula, GBPXAF is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for GBPXAF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
755.2323 755.2323 755.2323 755.2323 0.0000
Prev. Close Volume Bid Ask Time
755.2323 2023-09-23 13:03:35
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