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Forex Trend Analysis Report

Prepared for you on Tuesday, April 7, 2020.

US Dollar/CFA Franc BEAC (FOREX:USDXAF)

Countertrend Up (+85) - USDXAF is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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

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

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

FOREX_USDXAF
Open High Low USDXAF Price Change
600.75649 600.75649 600.75649 600.75649 0.00000
Entry Signal

MarketClub’s Trade Triangles for USDXAF

long term up The long-term trend has been UP since Feb 10th, 2020 at 596.78570

intermediate term up The intermediate-term trend has been UP since Mar 23rd, 2020 at 586.39580

short term up The short-term trend has been UP since Mar 23rd, 2020 at 605.51461

Smart Scan Analysis for USDXAF

Based on our trend formula, USDXAF is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for USDXAF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
600.75649 600.75649 600.75649 600.75649 0.00000
Prev. Close Volume Bid Ask Time
607.73336 600.75649 600.75649 2020-04-02 07:19:26
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