Forex Trend Analysis Report
Prepared for you on Tuesday, March 21, 2023.
British Pound/CFP Franc (FOREX:GBPXPF)
Long-Term Uptrend (+90) - GBPXPF is in a strong uptrend that is likely to continue. While GBPXPF is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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 Oct 5th, 2022 at 144.51327
The intermediate-term trend has been UP since Mar 15th, 2023 at 137.11054
The short-term trend has been UP since Mar 16th, 2023 at 137.18573
Smart Scan Analysis for GBPXPF
Based on our trend formula, GBPXPF is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).