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Forex Trend Analysis Report
Prepared for you on Tuesday, April 23, 2024.
British Pound/CFP Franc (FOREX:GBPXPF)
Bear Market Rally (-75) - GBPXPF is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPXPF as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid GBPXPF?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPXPF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for GBPXPF
The long-term trend has been DOWN since Mar 14th, 2024 at 136.60496
The intermediate-term trend has been DOWN since Apr 16th, 2024 at 139.13447
The short-term trend has been UP since Apr 19th, 2024 at 140.21722
Smart Scan Analysis for GBPXPF
Based on our trend formula, GBPXPF is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 138.94893 | 140.11882 | 138.74501 | 139.96715 | +1.01822 |
| Prev. Close | Volume | Bid | Ask | Time |
| 138.94893 | 2024-04-23 11:32:12 |