Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
US Dollar/CFA Franc BEAC (FOREX:USDXAF)
Bull Market Weakness (+75) - USDXAF is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDXAF as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for USDXAF
The long-term trend has been UP since Mar 5th, 2021 at 544.92114
The intermediate-term trend has been UP since Sep 22nd, 2021 at 555.63913
The short-term trend has been UP since Sep 22nd, 2021 at 555.63913
Smart Scan Analysis for USDXAF
Based on our trend formula, USDXAF is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).