Forex Trend Analysis Report
Prepared for you on Tuesday, April 7, 2020.
US Dollar/CFA Franc BEAC (FOREX:USDXAF)
Countertrend Up (+85) - USDXAF is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Feb 10th, 2020 at 596.78570
The intermediate-term trend has been UP since Mar 23rd, 2020 at 586.39580
The short-term trend has been UP since Mar 23rd, 2020 at 605.51461
Smart Scan Analysis for USDXAF
Based on our trend formula, USDXAF is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).