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Forex Trend Analysis Report

Prepared for you on Wednesday, May 29, 2024.

CFP Franc/British Pound (FOREX:XPFGBP)

Sidelines Mode (+55) - XPFGBP 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 XPFGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for XPFGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_XPFGBP
Open High Low XPFGBP Price Change
0.00712141 0.00714855 0.00709295 0.00709746 -0.00002400
Entry Signal

MarketClub’s Trade Triangles for XPFGBP

long term up The long-term trend has been UP since Mar 14th, 2024 at 0.00732052

intermediate term down The intermediate-term trend has been DOWN since May 22nd, 2024 at 0.00709371

short term up The short-term trend has been UP since May 29th, 2024 at 0.00713292

Smart Scan Analysis for XPFGBP

Based on our trend formula, XPFGBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for XPFGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00712141 0.00714855 0.00709295 0.00709746 -0.00002400
Prev. Close Volume Bid Ask Time
0.00712141 2024-05-29 19:19:06
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