Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
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 UP since Aug 20th, 2021 at 101.725
The intermediate-term trend has been UP since Sep 17th, 2021 at 101.875
The short-term trend has been DOWN since Oct 14th, 2021 at 103.375
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).