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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.

FOREX_GBPXOF
Open High Low GBPXOF Price Change
766.7976 766.7976 766.7976 766.7976 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPXOF

long term down The long-term trend has been DOWN since May 19th, 2022 at 775.8535

intermediate term down The intermediate-term trend has been DOWN since May 3rd, 2022 at 784.4358

short term down 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).

-100
Smart Scan Analysis for GBPXOF
Strong Downtrend Sideways 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
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