Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
British Pound/CFA Franc BCEAO (FOREX:GBPXOF)
Strong Uptrend (+100) - GBPXOF is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, GBPXOF continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in 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 UP since Nov 10th, 2020 at 733.0644
The intermediate-term trend has been UP since Jan 13th, 2021 at 726.9833
The short-term trend has been UP since Dec 28th, 2020 at 723.9904
Smart Scan Analysis for GBPXOF
Based on our trend formula, GBPXOF is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).