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Forex Trend Analysis Report

Prepared for you on Monday, March 4, 2024.

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.

FOREX_GBPXPF
Open High Low GBPXPF Price Change
145.87423 146.03144 145.81883 145.92598 +0.05175
Entry Signal

MarketClub’s Trade Triangles for GBPXPF

long term up The long-term trend has been UP since Feb 22nd, 2024 at 148.29145

intermediate term up The intermediate-term trend has been UP since Jan 18th, 2024 at 140.10866

short term down The short-term trend has been DOWN since Mar 1st, 2024 at 139.85419

Smart Scan Analysis for GBPXPF

Based on our trend formula, GBPXPF is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for GBPXPF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
145.87423 146.03144 145.81883 145.92598 +0.05175
Prev. Close Volume Bid Ask Time
145.87423 2024-03-04 03:39:27
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