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Forex Trend Analysis Report

Prepared for you on Wednesday, November 20, 2024.

British Pound/CFA Franc BEAC (FOREX:GBPXAF)

Weak Downtrend (-65) - GBPXAF is showing signs of a strengthening downtrend. Monitor GBPXAF as it may be building momentum to the downside.

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
785.7231 785.7231 784.4968 784.4968 -1.2263
Entry Signal

MarketClub’s Trade Triangles for GBPXAF

long term up The long-term trend has been UP since Jan 26th, 2024 at 766.8021

intermediate term down The intermediate-term trend has been DOWN since Oct 31st, 2024 at 783.1574

short term down The short-term trend has been DOWN since Nov 18th, 2024 at 788.8318

Smart Scan Analysis for GBPXAF

Based on our trend formula, GBPXAF is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for GBPXAF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
785.7231 785.7231 784.4968 784.4968 -1.2263
Prev. Close Volume Bid Ask Time
785.7231 2024-11-18 13:11:45
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