Forex Trend Analysis Report
Prepared for you on Tuesday, December 7, 2021.
British Pound/CFP Franc (FOREX:GBPXPF)
Countertrend Up (+85) - GBPXPF is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid GBPXPF?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPXPF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPXPF
The long-term trend has been UP since Nov 18th, 2021 at 142.79688
The intermediate-term trend has been UP since Nov 18th, 2021 at 142.74849
The short-term trend has been UP since Dec 6th, 2021 at 140.78780
Smart Scan Analysis for GBPXPF
Based on our trend formula, GBPXPF is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).