Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Euro/CFA Franc BEAC (FOREX:EURXAF)
Long-Term Downtrend (-90) - EURXAF is in a strong downtrend that is likely to continue. While EURXAF is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
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 -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).