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Forex Trend Analysis Report
Prepared for you on Sunday, June 26, 2022.
British Pound/CFA Franc BCEAO (FOREX:GBPXOF)
Strong Downtrend (-100) - GBPXOF is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPXOF continues to fall. Traders should use caution and set stops.
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 May 19th, 2022 at 775.8535
The intermediate-term trend has been DOWN since May 3rd, 2022 at 784.4358
The short-term trend has been DOWN since May 3rd, 2022 at 784.4358
Smart Scan Analysis for GBPXOF
Based on our trend formula, GBPXOF is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 766.7976 | 766.7976 | 766.7976 | 766.7976 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 763.2332 | 2022-06-18 05:16:22 |