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Forex Trend Analysis Report

Prepared for you on Monday, January 17, 2022.

US Dollar/CFA Franc BEAC (FOREX:USDXAF)

Weak Downtrend (-65) - USDXAF is showing signs of a strengthening downtrend. Monitor USDXAF as it may be building momentum to the downside.

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.

FOREX_USDXAF
Open High Low USDXAF Price Change
574.63973 574.63973 574.43090 574.43090 -0.20883
Entry Signal

MarketClub’s Trade Triangles for USDXAF

long term up The long-term trend has been UP since Mar 5th, 2021 at 544.92114

intermediate term down The intermediate-term trend has been DOWN since Dec 14th, 2021 at 579.96172

short term down The short-term trend has been DOWN since Dec 22nd, 2021 at 579.69776

Smart Scan Analysis for USDXAF

Based on our trend formula, USDXAF is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for USDXAF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
574.63973 574.63973 574.43090 574.43090 -0.20883
Prev. Close Volume Bid Ask Time
574.63973 2022-01-17 21:08:24
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