Forex Trend Analysis Report
Prepared for you on Wednesday, November 6, 2024.
British Pound/CFA Franc BCEAO (FOREX:GBPXOF)
Weak Downtrend (-65) - GBPXOF is showing signs of a strengthening downtrend. Monitor GBPXOF as it may be building momentum to the downside.
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 Sep 25th, 2024 at 780.8361
The intermediate-term trend has been DOWN since Nov 2nd, 2024 at 786.3165
The short-term trend has been DOWN since Nov 2nd, 2024 at 783.1434
Smart Scan Analysis for GBPXOF
Based on our trend formula, GBPXOF is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
779.7594 | 779.7594 | 779.7594 | 779.7594 | 0.0000 |
Prev. Close | Volume | Bid | Ask | Time |
779.7594 | 2024-11-02 14:12:24 |