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Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 2024.
British Pound/CFP Franc (FOREX:GBPXPF)
Long-Term Uptrend (+90) - GBPXPF is in a strong uptrend that is likely to continue. While GBPXPF is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Nov 7th, 2024 at 144.54410
The intermediate-term trend has been UP since Nov 20th, 2024 at 145.07870
The short-term trend has been UP since Nov 20th, 2024 at 144.04049
Smart Scan Analysis for GBPXPF
Based on our trend formula, GBPXPF is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 143.10367 | 143.51378 | 142.79107 | 143.20095 | +0.09728 |
| Prev. Close | Volume | Bid | Ask | Time |
| 143.10367 | 2024-11-21 14:54:23 |