Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
CFA Franc BEAC/US Dollar (FOREX:XAFUSD)
Strong Uptrend (+100) - XAFUSD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, XAFUSD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 UP since Jun 5th, 2020 at 0.00170533
The intermediate-term trend has been UP since Feb 23rd, 2021 at 0.00185123
The short-term trend has been UP since Feb 23rd, 2021 at 0.00184366
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).