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Forex Trend Analysis Report

Prepared for you on Wednesday, March 29, 2023.

US Dollar/CFA Franc BEAC (FOREX:USDXAF)

Strong Downtrend (-100) - USDXAF is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, USDXAF continues to fall. Traders should use caution 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.

FOREX_USDXAF
Open High Low USDXAF Price Change
604.04044 604.04044 604.04044 604.04044 0.00000
Entry Signal

MarketClub’s Trade Triangles for USDXAF

long term down The long-term trend has been DOWN since Dec 1st, 2022 at 635.71581

intermediate term down The intermediate-term trend has been DOWN since Mar 28th, 2023 at 614.86550

short term down The short-term trend has been DOWN since Mar 17th, 2023 at 615.96255

Smart Scan Analysis for USDXAF

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

-100
Smart Scan Analysis for USDXAF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
604.04044 604.04044 604.04044 604.04044 0.00000
Prev. Close Volume Bid Ask Time
604.04044 2023-03-29 07:28:10
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