Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, December 3, 2020.

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.

FOREX_USDXAF
Open High Low USDXAF Price Change
544.5389 544.5389 544.5389 544.5389 0.0000
Entry Signal

MarketClub’s Trade Triangles for USDXAF

long term down The long-term trend has been DOWN since Jun 5th, 2020 at 586.39580

intermediate term down The intermediate-term trend has been DOWN since Nov 8th, 2020 at 553.72077

short term up The short-term trend has been UP since Nov 19th, 2020 at 553.86103

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).

-85
Smart Scan Analysis for USDXAF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
544.5389 544.5389 544.5389 544.5389 0.0000
Prev. Close Volume Bid Ask Time
540.9241 2020-12-02 07:11:58
Get a free daily analysis and signals for US Dollar/CFA Franc BEAC (USDXAF) - Request Your Free Report.