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Forex Trend Analysis Report

Prepared for you on Monday, August 15, 2022.

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
774.4612 774.4612 774.4612 774.4612 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPXAF

long term down The long-term trend has been DOWN since May 11th, 2022 at 775.8535

intermediate term down The intermediate-term trend has been DOWN since Aug 9th, 2022 at 779.0694

short term down The short-term trend has been DOWN since Aug 11th, 2022 at 775.2025

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
774.4612 774.4612 774.4612 774.4612 0.0000
Prev. Close Volume Bid Ask Time
774.4612 2022-08-11 07:19:12
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