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.
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MarketClub’s Trade Triangles for GBPXAF
The long term trend has been UP since Sep 16th, 2019 at 740.280
The intermediate term trend has been DOWN since Dec 19th, 2019 at 768.167
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).
| 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 |