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Forex Trend Analysis Report

Prepared for you on Thursday, January 2, 2025.

British Pound/CFA Franc BCEAO (FOREX:GBPXOF)

Weak Uptrend (+65) - GBPXOF is showing signs of weakening momentum to the upside. Monitor GBPXOF as it may be in the beginning stages of a reversal.

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
790.7479 790.7479 790.7479 790.7479 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPXOF

long term up The long-term trend has been UP since Sep 25th, 2024 at 780.8361

intermediate term up The intermediate-term trend has been UP since Dec 1st, 2024 at 787.0665

short term down The short-term trend has been DOWN since Dec 24th, 2024 at 790.7384

Smart Scan Analysis for GBPXOF

Based on our trend formula, GBPXOF is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for GBPXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
790.7479 790.7479 790.7479 790.7479 0.0000
Prev. Close Volume Bid Ask Time
790.7479 2024-12-30 07:25:17
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