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Forex Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
CFA Franc BEAC/US Dollar (FOREX:XAFUSD)
Crossroads (+60) - XAFUSD 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 XAFUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for XAFUSD.
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 XAFUSD
The long-term trend has been DOWN since Feb 14th, 2024 at 0.00163357
The intermediate-term trend has been UP since May 8th, 2024 at 0.00163638
The short-term trend has been UP since May 8th, 2024 at 0.00163351
Smart Scan Analysis for XAFUSD
Based on our trend formula, XAFUSD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00163775 | 0.00163775 | 0.00163775 | 0.00163775 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00163775 | 2024-05-08 21:02:50 |