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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

British Pound/CFA Franc BEAC (FOREX:GBPXAF)

Bear Market Rally (-75) - GBPXAF is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPXAF as it may be in the beginning of a reversal.

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
734.4721 734.4721 734.4721 734.4721 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPXAF

long term down The long-term trend has been DOWN since Mar 12th, 2020 at 765.5001

intermediate term down The intermediate-term trend has been DOWN since May 3rd, 2020 at 752.2572

short term up The short-term trend has been UP since May 25th, 2020 at 734.4309

Smart Scan Analysis for GBPXAF

Based on our trend formula, GBPXAF is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for GBPXAF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
734.4721 734.4721 734.4721 734.4721 0.0000
Prev. Close Volume Bid Ask Time
734.4721 734.4721 734.4721 2020-05-25 21:04:40
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