Forex Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
CFA Franc BEAC/US Dollar (FOREX:XAFUSD)
Bear Market Rally (-75) - XAFUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on XAFUSD as it may be in the beginning of a reversal.
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 UP since Jul 27th, 2022 at 0.00154632
The short-term trend has been DOWN since Aug 15th, 2022 at 0.00155627
Smart Scan Analysis for XAFUSD
Based on our trend formula, XAFUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).