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Forex Trend Analysis Report
Prepared for you on Thursday, April 25, 2024.
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.
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MarketClub’s Trade Triangles for USDXAF
The long-term trend has been UP since Feb 14th, 2024 at 612.15716
The intermediate-term trend has been UP since Mar 28th, 2024 at 604.56588
The short-term trend has been DOWN since Apr 17th, 2024 at 615.80064
Smart Scan Analysis for USDXAF
Based on our trend formula, USDXAF is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 612.84346 | 612.84346 | 612.84346 | 612.84346 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 612.84346 | 2024-04-24 21:01:07 |