Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, May 9, 2025.
British Pound/CFA Franc BCEAO (FOREX:GBPXOF)
Bear Market Rally (-75) - GBPXOF is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPXOF as it may be in the beginning 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.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for GBPXOF
The long-term trend has been DOWN since Apr 6th, 2025 at 776.2070
The intermediate-term trend has been DOWN since Mar 6th, 2025 at 786.7220
The short-term trend has been UP since Apr 24th, 2025 at 765.7458
Smart Scan Analysis for GBPXOF
Based on our trend formula, GBPXOF is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 770.7575 | 770.7575 | 770.7575 | 770.7575 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 773.5114 | 2025-05-07 07:25:21 |