Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, December 4, 2023.

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.

FOREX_USDXAF
Open High Low USDXAF Price Change
602.09922 602.09922 602.09922 602.09922 0.00000
Entry Signal

MarketClub’s Trade Triangles for USDXAF

long term up The long-term trend has been UP since Sep 21st, 2023 at 613.62027

intermediate term down The intermediate-term trend has been DOWN since Oct 24th, 2023 at 621.59816

short term up The short-term trend has been UP since Dec 2nd, 2023 at 601.89757

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).

+55
Smart Scan Analysis for USDXAF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
602.09922 602.09922 602.09922 602.09922 0.00000
Prev. Close Volume Bid Ask Time
603.82571 2023-12-02 06:46:37
Get a free daily analysis and signals for US Dollar/CFA Franc BEAC (USDXAF) - Request Your Free Report.