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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
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.
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MarketClub’s Trade Triangles for USDXAF
The long-term trend has been DOWN since Jul 15th, 2024 at 602.21531
The intermediate-term trend has been DOWN since Jul 7th, 2024 at 607.45477
The short-term trend has been UP since Jul 21st, 2024 at 602.25401
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 604.13992 | 604.13992 | 603.96748 | 603.96748 | -0.17244 |
| Prev. Close | Volume | Bid | Ask | Time |
| 604.13992 | 2024-07-26 14:00:16 |