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.
MarketClub’s Trade Triangles for GBPXAF
The long term trend has been UP since Sep 16th, 2019 at 740.2800
The intermediate term trend has been UP since Jan 22nd, 2020 at 775.1613
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).