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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.

FOREX_GBPXOF
Open High Low GBPXOF Price Change
786.6135 786.6135 786.6135 786.6135 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPXOF

long term up The long-term trend has been UP since Nov 10th, 2020 at 733.0644

intermediate term up The intermediate-term trend has been UP since Dec 23rd, 2021 at 775.2942

short term down 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).

+65
Smart Scan Analysis for GBPXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
786.6135 786.6135 786.6135 786.6135 0.0000
Prev. Close Volume Bid Ask Time
786.6135 2022-01-27 07:08:14
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