Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Saturday, September 30, 2023.
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.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for XAFUSD
The long-term trend has been DOWN since Sep 21st, 2023 at 0.00162967
The intermediate-term trend has been DOWN since Jul 31st, 2023 at 0.00168250
The short-term trend has been DOWN since Sep 21st, 2023 at 0.00163269
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00162717 | 0.00162717 | 0.00162717 | 0.00162717 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00161390 | 2023-09-23 13:03:35 |