Free Daily Analysis

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.

FOREX_USDXAF
Open High Low USDXAF Price Change
564.84472 564.84472 564.84472 564.84472 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 Sep 22nd, 2021 at 555.63913

short term up 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).

+70
Smart Scan Analysis for USDXAF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
564.84472 564.84472 564.84472 564.84472 0.00000
Prev. Close Volume Bid Ask Time
564.84472 2021-10-14 07:18:43
Get a free daily analysis and signals for US Dollar/CFA Franc BEAC (USDXAF) - Request Your Free Report.