Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
British Pound/CFA Franc BEAC (FOREX:GBPXAF)
Bear Market Rally (-75) - GBPXAF is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPXAF as it may be in the beginning of a reversal.
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 Mar 12th, 2020 at 765.5001
The intermediate-term trend has been DOWN since May 3rd, 2020 at 752.2572
The short-term trend has been UP since May 25th, 2020 at 734.4309
Smart Scan Analysis for GBPXAF
Based on our trend formula, GBPXAF is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).