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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
US Dollar/CFA Franc BEAC (FOREX:USDXAF)
Crossroads (-60) - USDXAF is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid USDXAF?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDXAF.
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 USDXAF
The long-term trend has been UP since Feb 14th, 2024 at 612.15716
The intermediate-term trend has been DOWN since May 8th, 2024 at 611.10495
The short-term trend has been DOWN since May 8th, 2024 at 612.18001
Smart Scan Analysis for USDXAF
Based on our trend formula, USDXAF is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 610.59299 | 610.59299 | 610.59299 | 610.59299 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 610.59299 | 2024-05-08 21:02:50 |