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Forex Trend Analysis Report

Prepared for you on Thursday, June 13, 2024.

CFA Franc BEAC/US Dollar (FOREX:XAFUSD)

Strong Downtrend (-100) - XAFUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, XAFUSD continues to fall. 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.

FOREX_XAFUSD
Open High Low XAFUSD Price Change
0.00164574 0.00164574 0.00164191 0.00164191 -0.00000400
Entry Signal

MarketClub’s Trade Triangles for XAFUSD

long term down The long-term trend has been DOWN since Feb 14th, 2024 at 0.00163357

intermediate term down The intermediate-term trend has been DOWN since Jun 9th, 2024 at 0.00164800

short term down The short-term trend has been DOWN since Jun 9th, 2024 at 0.00165900

Smart Scan Analysis for XAFUSD

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

-100
Smart Scan Analysis for XAFUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00164574 0.00164574 0.00164191 0.00164191 -0.00000400
Prev. Close Volume Bid Ask Time
0.00164574 2024-06-13 11:03:43
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