Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Friday, January 17, 2020.

British Pound/CFA Franc BEAC (FOREX:GBPXAF)

Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.

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_GBPXAF
Open High Low GBPXAF Price Change
773.2151 773.2151 773.2151 773.2151 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPXAF

long term up The long term trend has been UP since Sep 16th, 2019 at 740.280

intermediate term down The intermediate term trend has been DOWN since Dec 19th, 2019 at 768.167

short term down The short term trend has been DOWN since Jan 6th, 2020 at 770.762

Smart Scan Analysis for GBPXAF

Based on a pre-defined weighted trend formula for chart analysis, GBPXAF scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-50
Smart Scan Analysis for GBPXAF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
773.2151 773.2151 773.2151 773.2151 0.0000
Prev. Close Volume Bid Ask Time
773.2151 773.2151 773.2151 2020-01-12 13:08:57
Get a free daily report for British Pound/CFA Franc BEAC (GBPXAF) - Free Trend Analysis Report.