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Forex Trend Analysis Report

Prepared for you on Thursday, May 6, 2021.

British Pound/CFA Franc BCEAO (FOREX:GBPXOF)

Crossroads (-60) - GBPXOF is struggling to move into a solid trend. Beware of choppy markets 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.

FOREX_GBPXOF
Open High Low GBPXOF Price Change
757.9156 757.9156 757.9156 757.9156 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPXOF

long term up The long-term trend has been UP since Nov 10th, 2020 at 733.0644

intermediate term down The intermediate-term trend has been DOWN since Apr 7th, 2021 at 761.5806

short term down The short-term trend has been DOWN since Apr 6th, 2021 at 771.0021

Smart Scan Analysis for GBPXOF

Based on our trend formula, GBPXOF is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for GBPXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
757.9156 757.9156 757.9156 757.9156 0.0000
Prev. Close Volume Bid Ask Time
757.9156 2021-05-06 07:26:09
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