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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
US Dollar/CFA Franc BEAC (FOREX:USDXAF)
Bull Market Weakness (+75) - USDXAF is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDXAF as it may be in the beginning stages of a reversal.
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 UP since Nov 7th, 2024 at 607.62077
The intermediate-term trend has been UP since Oct 2nd, 2024 at 589.69583
The short-term trend has been UP since Oct 2nd, 2024 at 593.79552
Smart Scan Analysis for USDXAF
Based on our trend formula, USDXAF is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 622.56273 | 622.56273 | 619.38831 | 619.38831 | -3.17442 |
| Prev. Close | Volume | Bid | Ask | Time |
| 622.56273 | 2024-11-18 13:11:45 |