Forex Trend Analysis Report
Prepared for you on Sunday, July 12, 2020.
British Pound/CFP Franc (FOREX:GBPXPF)
Sidelines Mode (-55) - GBPXPF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for GBPXPF
The long-term trend has been DOWN since Mar 1st, 2020 at 138.75023
The intermediate-term trend has been DOWN since Jun 12th, 2020 at 132.08228
The short-term trend has been UP since Jul 8th, 2020 at 134.03814
Smart Scan Analysis for GBPXPF
Based on our trend formula, GBPXPF is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).