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Forex Trend Analysis Report

Prepared for you on Sunday, October 13, 2024.

British Pound/CFA Franc BEAC (FOREX:GBPXAF)

Sidelines Mode (+55) - GBPXAF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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
784.5906 784.5906 784.5906 784.5906 0.0000
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 up The intermediate-term trend has been UP since Sep 25th, 2024 at 778.6025

short term down The short-term trend has been DOWN since Oct 9th, 2024 at 783.9343

Smart Scan Analysis for GBPXAF

Based on our trend formula, GBPXAF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for GBPXAF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
784.5906 784.5906 784.5906 784.5906 0.0000
Prev. Close Volume Bid Ask Time
783.5597 2024-10-10 07:25:28
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