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Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

British Pound/CFA Franc BEAC (FOREX:GBPXAF)

Crossroads (-60) - GBPXAF is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
760.9887 763.0734 760.9887 763.0734 +2.0847
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 Apr 3rd, 2024 at 765.5492

short term down The short-term trend has been DOWN since Apr 17th, 2024 at 767.2909

Smart Scan Analysis for GBPXAF

Based on our trend formula, GBPXAF is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for GBPXAF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
760.9887 763.0734 760.9887 763.0734 +2.0847
Prev. Close Volume Bid Ask Time
760.9887 2024-04-23 21:01:41
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