Forex Trend Analysis Report
Prepared for you on Monday, June 1, 2020.
CFA Franc BEAC/US Dollar (FOREX:XAFUSD)
Bear Market Rally (-75) - XAFUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on XAFUSD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid XAFUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for XAFUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for XAFUSD
The long-term trend has been DOWN since Feb 10th, 2020 at 0.00167564
The intermediate-term trend has been UP since May 19th, 2020 at 0.00166910
The short-term trend has been DOWN since May 25th, 2020 at 0.00166894
Smart Scan Analysis for XAFUSD
Based on our trend formula, XAFUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).