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Forex Trend Analysis Report

Prepared for you on Thursday, March 30, 2023.

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.

FOREX_GBPXOF
Open High Low GBPXOF Price Change
746.8294 746.9187 746.8294 746.9187 +0.0893
Entry Signal

MarketClub’s Trade Triangles for GBPXOF

long term down The long-term trend has been DOWN since Sep 2nd, 2022 at 759.0953

intermediate term up The intermediate-term trend has been UP since Mar 17th, 2023 at 746.2282

short term up The short-term trend has been UP since Mar 10th, 2023 at 740.1808

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).

+50
Smart Scan Analysis for GBPXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
746.8294 746.9187 746.8294 746.9187 +0.0893
Prev. Close Volume Bid Ask Time
746.8294 2023-03-28 13:24:47
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