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Forex Trend Analysis Report
Prepared for you on Monday, August 15, 2022.
British Pound/CFA Franc BEAC (FOREX:GBPXAF)
Strong Downtrend (-100) - GBPXAF is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPXAF continues to fall. Traders should use caution and set stops.
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 DOWN since May 11th, 2022 at 775.8535
The intermediate-term trend has been DOWN since Aug 9th, 2022 at 779.0694
The short-term trend has been DOWN since Aug 11th, 2022 at 775.2025
Smart Scan Analysis for GBPXAF
Based on our trend formula, GBPXAF is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 774.4612 | 774.4612 | 774.4612 | 774.4612 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 774.4612 | 2022-08-11 07:19:12 |