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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
British Pound/CFA Franc BCEAO (FOREX:GBPXOF)
Sidelines Mode (+55) - GBPXOF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid GBPXOF?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPXOF.
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 GBPXOF
The long-term trend has been UP since Dec 6th, 2023 at 765.0537
The intermediate-term trend has been UP since Apr 29th, 2024 at 767.5243
The short-term trend has been DOWN since Jul 25th, 2024 at 778.7411
Smart Scan Analysis for GBPXOF
Based on our trend formula, GBPXOF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 777.4305 | 777.4305 | 777.4305 | 777.4305 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 777.4305 | 2024-07-26 14:00:15 |