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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
US Dollar/CFP Franc (FOREX:USDXPF)
Crossroads (-60) - USDXPF 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 USDXPF?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDXPF.
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 USDXPF
The long-term trend has been UP since Feb 23rd, 2024 at 114.525
The intermediate-term trend has been DOWN since May 6th, 2024 at 111.350
The short-term trend has been DOWN since Apr 24th, 2024 at 112.450
Smart Scan Analysis for USDXPF
Based on our trend formula, USDXPF is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 111.225 | 111.450 | 111.225 | 111.450 | +0.225 |
| Prev. Close | Volume | Bid | Ask | Time |
| 111.450 | 2024-05-08 12:27:49 |