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Forex Trend Analysis Report

Prepared for you on Sunday, October 17, 2021.

British Pound/CFA Franc BCEAO (FOREX:GBPXOF)

Countertrend Up (+85) - GBPXOF is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
772.8916 772.8916 772.8916 772.8916 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 up The intermediate-term trend has been UP since Sep 14th, 2021 at 769.2345

short term up The short-term trend has been UP since Sep 27th, 2021 at 767.0666

Smart Scan Analysis for GBPXOF

Based on our trend formula, GBPXOF is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for GBPXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
772.8916 772.8916 772.8916 772.8916 0.0000
Prev. Close Volume Bid Ask Time
775.0377 2021-10-12 07:14:15
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