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Forex Trend Analysis Report

Prepared for you on Thursday, June 13, 2024.

Euro/CFA Franc BEAC (FOREX:EURXAF)

Weak Downtrend (-65) - EURXAF is showing signs of a strengthening downtrend. Monitor EURXAF as it may be building momentum to the downside.

Is it time to buy, sell, or avoid EURXAF?

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

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

FOREX_EURXAF
Open High Low EURXAF Price Change
655.957 655.957 655.957 655.957 0.000
Entry Signal

MarketClub’s Trade Triangles for EURXAF

long term up The long-term trend has been UP since Mar 6th, 2023 at 655.957

intermediate term down The intermediate-term trend has been DOWN since May 9th, 2023 at 656.000

short term down The short-term trend has been DOWN since May 9th, 2023 at 656.000

Smart Scan Analysis for EURXAF

Based on our trend formula, EURXAF is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for EURXAF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
655.957 655.957 655.957 655.957 0.000
Prev. Close Volume Bid Ask Time
655.957 2024-06-13 11:03:43
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