Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
Euro/CFA Franc BEAC (FOREX:EURXAF)
Strong Downtrend (-100) - EURXAF is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid
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.
MarketClub’s Trade Triangles for EURXAF
The long-term trend has been DOWN since Oct 17th, 2019 at 655.96
The intermediate-term trend has been DOWN since Oct 17th, 2019 at 655.96
The short-term trend has been DOWN since Oct 17th, 2019 at 655.96
Smart Scan Analysis for EURXAF
Based on our trend formula, EURXAF is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).