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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.

FOREX_GBPXAF
Open High Low GBPXAF Price Change
775.056 775.056 775.056 775.056 0.000
Entry Signal

MarketClub’s Trade Triangles for GBPXAF

long term up The long-term trend has been UP since Jan 21st, 2021 at 738.2455

intermediate term up The intermediate-term trend has been UP since Oct 6th, 2021 at 768.8242

short term up 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).

+80
Smart Scan Analysis for GBPXAF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
775.056 775.056 775.056 775.056 0.000
Prev. Close Volume Bid Ask Time
775.056 2021-10-14 07:18:43
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