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Forex Trend Analysis Report
Prepared for you on Saturday, February 22, 2025.
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.
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MarketClub’s Trade Triangles for GBPXOF
The long-term trend has been DOWN since Jan 19th, 2025 at 783.1434
The intermediate-term trend has been UP since Feb 2nd, 2025 at 780.3995
The short-term trend has been UP since Feb 2nd, 2025 at 780.3995
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 792.3621 | 792.3621 | 792.3621 | 792.3621 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 792.3621 | 2025-02-22 01:41:05 |