Forex Trend Analysis Report
Prepared for you on Tuesday, March 26, 2019.
British Pound/CFA Franc BEAC (FOREX:GBPXAF)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for GBPXAF
The long term trend has been UP since Feb 19th, 2019 at 753.58
The intermediate term trend has been UP since Jan 7th, 2019 at 730.10
The short term trend has been UP since Mar 24th, 2019 at 759.71
Smart Scan Analysis for GBPXAF
Based on a pre-defined weighted trend formula for chart analysis, GBPXAF scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).