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Forex Trend Analysis Report

Prepared for you on Tuesday, March 9, 2021.

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.

FOREX_USDXAF
Open High Low USDXAF Price Change
549.94425 549.94425 549.94425 549.94425 0.00000
Entry Signal

MarketClub’s Trade Triangles for USDXAF

long term up The long-term trend has been UP since Mar 5th, 2021 at 544.92114

intermediate term up The intermediate-term trend has been UP since Mar 5th, 2021 at 544.92114

short term up The short-term trend has been UP since Mar 5th, 2021 at 539.61139

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).

+80
Smart Scan Analysis for USDXAF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
549.94425 549.94425 549.94425 549.94425 0.00000
Prev. Close Volume Bid Ask Time
552.94827 2021-03-07 21:00:31
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