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Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2025.
US Dollar/CFA Franc BEAC (FOREX:USDXAF)
Sidelines Mode (+55) - USDXAF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 DOWN since Jan 19th, 2025 at 636.68456
Smart Scan Analysis for USDXAF
Based on our trend formula, USDXAF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 636.51157 | 636.51157 | 636.51157 | 636.51157 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 635.57722 | 2025-01-19 11:30:04 |