Forex Trend Analysis Report
Prepared for you on Friday, March 22, 2019.
British Pound/CFA Franc BCEAO (FOREX:GBPXOF)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 GBPXOF
The long term trend has been UP since Feb 19th, 2019 at 753.58
The intermediate term trend has been UP since Jan 13th, 2019 at 732.21
The short term trend has been DOWN since Mar 10th, 2019 at 763.01
Smart Scan Analysis for GBPXOF
Based on a pre-defined weighted trend formula for chart analysis, GBPXOF scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).