Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
CFA Franc BEAC/US Dollar (FOREX:XAFUSD)
Long-Term Downtrend (-90) - XAFUSD is in a strong downtrend that is likely to continue. While XAFUSD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 Nov 7th, 2024 at 0.00164576
The intermediate-term trend has been DOWN since Oct 2nd, 2024 at 0.00169579
The short-term trend has been DOWN since Oct 2nd, 2024 at 0.00168408
Smart Scan Analysis for XAFUSD
Based on our trend formula, XAFUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00160626 | 0.00161450 | 0.00160626 | 0.00161450 | +0.00000800 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00160626 | 2024-11-18 13:11:45 |