Forex Trend Analysis Report
Prepared for you on Thursday, March 30, 2023.
British Pound/CFA Franc BCEAO (FOREX:GBPXOF)
Sidelines Mode (+50) - GBPXOF is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until GBPXOF can gain momentum.
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.
MarketClub’s Trade Triangles for GBPXOF
The long-term trend has been DOWN since Sep 2nd, 2022 at 759.0953
The intermediate-term trend has been UP since Mar 17th, 2023 at 746.2282
The short-term trend has been UP since Mar 10th, 2023 at 740.1808
Smart Scan Analysis for GBPXOF
Based on our trend formula, GBPXOF is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).