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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
British Pound/CFP Franc (FOREX:GBPXPF)
Strong Downtrend (-100) - GBPXPF is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPXPF continues to fall. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for GBPXPF
The long-term trend has been DOWN since Mar 14th, 2024 at 136.60496
The intermediate-term trend has been DOWN since Jul 24th, 2024 at 138.69714
The short-term trend has been DOWN since Jul 23rd, 2024 at 141.24384
Smart Scan Analysis for GBPXPF
Based on our trend formula, GBPXPF is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 141.34823 | 141.44922 | 141.15221 | 141.30451 | -0.04372 |
| Prev. Close | Volume | Bid | Ask | Time |
| 141.34823 | 2024-07-26 20:13:26 |