Forex Trend Analysis Report
Prepared for you on Tuesday, March 2, 2021.
US Dollar/CFA Franc BEAC (FOREX:USDXAF)
Strong Downtrend (-100) - USDXAF is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid USDXAF?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDXAF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDXAF
The long-term trend has been DOWN since Jun 5th, 2020 at 586.39580
The intermediate-term trend has been DOWN since Feb 23rd, 2021 at 540.18241
The short-term trend has been DOWN since Feb 23rd, 2021 at 542.40011
Smart Scan Analysis for USDXAF
Based on our trend formula, USDXAF is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).