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Forex Trend Analysis Report

Prepared for you on Thursday, July 16, 2020.

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.

FOREX_USDXAF
Open High Low USDXAF Price Change
573.18106 573.18106 573.18106 573.18106 0.00000
Entry Signal

MarketClub’s Trade Triangles for USDXAF

long term down The long-term trend has been DOWN since Jun 5th, 2020 at 586.39580

intermediate term down The intermediate-term trend has been DOWN since May 19th, 2020 at 599.12683

short term down The short-term trend has been DOWN since Jun 24th, 2020 at 583.26213

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).

-100
Smart Scan Analysis for USDXAF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
573.18106 573.18106 573.18106 573.18106 0.00000
Prev. Close Volume Bid Ask Time
573.18106 573.18106 573.18106 2020-07-15 07:21:41
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