Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
US Dollar/CFP Franc (FOREX:USDXPF)
Sidelines Mode (-55) - USDXPF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid USDXPF?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDXPF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDXPF
The long-term trend has been DOWN since Apr 28th, 2020 at 105.03500
The intermediate-term trend has been DOWN since Apr 24th, 2020 at 107.15184
The short-term trend has been UP since May 22nd, 2020 at 109.45000
Smart Scan Analysis for USDXPF
Based on our trend formula, USDXPF is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).