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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

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.

FOREX_XAFUSD
Open High Low XAFUSD Price Change
0.0017704 0.0017704 0.0017704 0.0017704 0.0000000
Entry Signal

MarketClub’s Trade Triangles for XAFUSD

long term down The long-term trend has been DOWN since Mar 5th, 2021 at 0.00183513

intermediate term down The intermediate-term trend has been DOWN since Sep 19th, 2021 at 0.00179973

short term down The short-term trend has been DOWN since Sep 19th, 2021 at 0.00179973

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).

-90
Smart Scan Analysis for XAFUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0017704 0.0017704 0.0017704 0.0017704 0.0000000
Prev. Close Volume Bid Ask Time
0.0017704 2021-10-14 07:18:44
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