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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.

FOREX_XAFUSD
Open High Low XAFUSD Price Change
0.0015556 0.0015556 0.0015556 0.0015556 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 up The intermediate-term trend has been UP since Jul 27th, 2022 at 0.00154632

short term down 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).

-75
Smart Scan Analysis for XAFUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0015556 0.0015556 0.0015556 0.0015556 0.0000000
Prev. Close Volume Bid Ask Time
0.0015556 2022-08-15 07:20:10
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