Forex Trend Analysis Report
Prepared for you on Monday, November 30, 2020.
British Pound/CFP Franc (FOREX:GBPXPF)
Sidelines Mode (+55) - GBPXPF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 5th, 2020 at 134.75553
The intermediate-term trend has been UP since Oct 14th, 2020 at 132.99847
The short-term trend has been DOWN since Nov 26th, 2020 at 134.20387
Smart Scan Analysis for GBPXPF
Based on our trend formula, GBPXPF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).