Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, February 26, 2021.

British Pound/CFA Franc BCEAO (FOREX:GBPXOF)

Strong Uptrend (+100) - GBPXOF is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, GBPXOF continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in 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
762.3374 762.3374 762.3374 762.3374 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPXOF

long term up The long-term trend has been UP since Nov 10th, 2020 at 733.0644

intermediate term up The intermediate-term trend has been UP since Jan 13th, 2021 at 726.9833

short term up The short-term trend has been UP since Dec 28th, 2020 at 723.9904

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).

+100
Smart Scan Analysis for GBPXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
762.3374 762.3374 762.3374 762.3374 0.0000
Prev. Close Volume Bid Ask Time
762.3374 2021-02-24 07:23:16
Get a free daily analysis and signals for British Pound/CFA Franc BCEAO (GBPXOF) - Request Your Free Report.