Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, June 5, 2020.

British Pound/CFA Franc BCEAO (FOREX:GBPXOF)

Countertrend Down (-85) - GBPXOF is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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.

FOREX_GBPXOF
Open High Low GBPXOF Price Change
731.8907 731.8907 731.8907 731.8907 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPXOF

long term down The long-term trend has been DOWN since Mar 5th, 2020 at 765.5001

intermediate term down The intermediate-term trend has been DOWN since May 4th, 2020 at 749.6394

short term up The short-term trend has been UP since Jun 2nd, 2020 at 734.5132

Smart Scan Analysis for GBPXOF

Based on our trend formula, GBPXOF is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for GBPXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
731.8907 731.8907 731.8907 731.8907 0.0000
Prev. Close Volume Bid Ask Time
731.8907 731.8907 731.8907 2020-06-05 07:16:01
Get a free daily analysis and signals for British Pound/CFA Franc BCEAO (GBPXOF) - Request Your Free Report.