Forex Trend Analysis Report
Prepared for you on Thursday, December 3, 2020.
US Dollar/CFA Franc BEAC (FOREX:USDXAF)
Countertrend Down (-85) - USDXAF is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.
MarketClub’s Trade Triangles for USDXAF
The long-term trend has been DOWN since Jun 5th, 2020 at 586.39580
The intermediate-term trend has been DOWN since Nov 8th, 2020 at 553.72077
The short-term trend has been UP since Nov 19th, 2020 at 553.86103
Smart Scan Analysis for USDXAF
Based on our trend formula, USDXAF is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).