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Forex Trend Analysis Report
Prepared for you on Saturday, April 20, 2024.
British Pound/CFA Franc BEAC (FOREX:GBPXAF)
Sidelines Mode (-50) - GBPXAF is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until GBPXAF can gain momentum.
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.
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MarketClub’s Trade Triangles for GBPXAF
The long-term trend has been UP since Jan 26th, 2024 at 766.8021
The intermediate-term trend has been DOWN since Apr 3rd, 2024 at 765.5492
The short-term trend has been DOWN since Apr 17th, 2024 at 767.2909
Smart Scan Analysis for GBPXAF
Based on our trend formula, GBPXAF is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 766.6184 | 766.6184 | 766.6184 | 766.6184 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 766.1259 | 2024-04-18 07:26:28 |