Forex Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

CFA Franc BEAC/US Dollar (FOREX:XAFUSD)

Countertrend Up (+85) - XAFUSD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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.

Open	High	Low	XAFUSD Price	Change
0.00165525	0.00165572	0.00165525	0.00165572	0.00000000
Entry Signal

MarketClub’s Trade Triangles for XAFUSD

The long-term trend has been UP since Jul 15th, 2024 at 0.00166054

The intermediate-term trend has been UP since Jul 7th, 2024 at 0.00164621

The short-term trend has been DOWN since Jul 21st, 2024 at 0.00166043

Smart Scan Analysis for XAFUSD

Based on our trend formula, XAFUSD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.00165525	0.00165572	0.00165525	0.00165572	0.00000000
Prev. Close	Volume	Bid	Ask	Time
0.00165525				2024-07-26 14:00:16

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