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Forex Trend Analysis Report

Prepared for you on Monday, May 20, 2024.

US Dollar/CFA Franc BEAC (FOREX:USDXAF)

Crossroads (-60) - USDXAF is struggling to move into a solid trend. Beware of choppy markets 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.

FOREX_USDXAF
Open High Low USDXAF Price Change
603.83405 603.83405 603.83405 603.83405 0.00000
Entry Signal

MarketClub’s Trade Triangles for USDXAF

long term up The long-term trend has been UP since Feb 14th, 2024 at 612.15716

intermediate term down The intermediate-term trend has been DOWN since May 8th, 2024 at 611.10495

short term down The short-term trend has been DOWN since May 8th, 2024 at 612.18001

Smart Scan Analysis for USDXAF

Based on our trend formula, USDXAF is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for USDXAF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
603.83405 603.83405 603.83405 603.83405 0.00000
Prev. Close Volume Bid Ask Time
602.04396 2024-05-16 21:01:27
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