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Forex Trend Analysis Report
Prepared for you on Wednesday, March 29, 2023.
US Dollar/CFA Franc BEAC (FOREX:USDXAF)
Strong Downtrend (-100) - USDXAF is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, USDXAF continues to fall. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for USDXAF
The long-term trend has been DOWN since Dec 1st, 2022 at 635.71581
The intermediate-term trend has been DOWN since Mar 28th, 2023 at 614.86550
The short-term trend has been DOWN since Mar 17th, 2023 at 615.96255
Smart Scan Analysis for USDXAF
Based on our trend formula, USDXAF is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 604.04044 | 604.04044 | 604.04044 | 604.04044 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 604.04044 | 2023-03-29 07:28:10 |