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Forex Trend Analysis Report

Prepared for you on Wednesday, November 6, 2024.

British Pound/CFA Franc BCEAO (FOREX:GBPXOF)

Weak Downtrend (-65) - GBPXOF is showing signs of a strengthening downtrend. Monitor GBPXOF as it may be building momentum to the downside.

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
779.7594 779.7594 779.7594 779.7594 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 down The intermediate-term trend has been DOWN since Nov 2nd, 2024 at 786.3165

short term down The short-term trend has been DOWN since Nov 2nd, 2024 at 783.1434

Smart Scan Analysis for GBPXOF

Based on our trend formula, GBPXOF is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for GBPXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
779.7594 779.7594 779.7594 779.7594 0.0000
Prev. Close Volume Bid Ask Time
779.7594 2024-11-02 14:12:24
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