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.
MarketClub’s Trade Triangles for XAFUSD
The long-term trend has been DOWN since Mar 5th, 2021 at 0.00183513
The intermediate-term trend has been DOWN since Sep 19th, 2021 at 0.00179973
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).