Forex Trend Analysis Report
Prepared for you on Monday, September 25, 2023.
British Pound/CFA Franc BEAC (FOREX:GBPXAF)
Strong Downtrend (-100) - GBPXAF is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPXAF continues to fall. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for GBPXAF
The long-term trend has been DOWN since Sep 23rd, 2023 at 755.2627
The intermediate-term trend has been DOWN since Sep 7th, 2023 at 763.7398
The short-term trend has been DOWN since Sep 7th, 2023 at 763.7398
Smart Scan Analysis for GBPXAF
Based on our trend formula, GBPXAF is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).