Forex Trend Analysis Report
Prepared for you on Friday, January 28, 2022.
British Pound/CFA Franc BCEAO (FOREX:GBPXOF)
Weak Uptrend (+65) - GBPXOF is showing signs of weakening momentum to the upside. Monitor GBPXOF as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid GBPXOF?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPXOF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPXOF
The long-term trend has been UP since Nov 10th, 2020 at 733.0644
The intermediate-term trend has been UP since Dec 23rd, 2021 at 775.2942
The short-term trend has been DOWN since Jan 24th, 2022 at 784.6376
Smart Scan Analysis for GBPXOF
Based on our trend formula, GBPXOF is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).