Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
British Pound/CFA Franc BEAC (FOREX:GBPXAF)
Countertrend Up (+85) - GBPXAF is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Jan 21st, 2021 at 738.2455
The intermediate-term trend has been UP since Oct 6th, 2021 at 768.8242
The short-term trend has been UP since Sep 27th, 2021 at 767.0666
Smart Scan Analysis for GBPXAF
Based on our trend formula, GBPXAF is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).