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Forex Trend Analysis Report

Prepared for you on Sunday, February 16, 2020.

British Pound/CFA Franc BEAC (FOREX:GBPXAF)

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight 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.

FOREX_GBPXAF
Open High Low GBPXAF Price Change
776.2529 776.2529 776.2529 776.2529 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPXAF

long term up The long term trend has been UP since Sep 16th, 2019 at 740.2800

intermediate term up The intermediate term trend has been UP since Jan 22nd, 2020 at 775.1613

short term down The short term trend has been DOWN since Feb 3rd, 2020 at 775.6058

Smart Scan Analysis for GBPXAF

Based on a pre-defined weighted trend formula for chart analysis, GBPXAF scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+65
Smart Scan Analysis for GBPXAF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
776.2529 776.2529 776.2529 776.2529 0.0000
Prev. Close Volume Bid Ask Time
789.7673 776.2529 776.2529 2020-02-10 21:01:17
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