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Forex Trend Analysis Report

Prepared for you on Monday, December 9, 2019.

US Dollar/CFA Franc BEAC (FOREX:USDXAF)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_USDXAF
Open High Low USDXAF Price Change
593.16996 593.16996 593.16996 593.16996 0.00000
Entry Signal

MarketClub’s Trade Triangles for USDXAF

long term up The long term trend has been UP since May 1st, 2018 at 538.97000

intermediate term down The intermediate term trend has been DOWN since Dec 3rd, 2019 at 592.07506

short term down The short term trend has been DOWN since Dec 3rd, 2019 at 595.21528

Smart Scan Analysis for USDXAF

Based on a pre-defined weighted trend formula for chart analysis, USDXAF scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for USDXAF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
593.16996 593.16996 593.16996 593.16996 0.00000
Prev. Close Volume Bid Ask Time
593.16996 593.16996 593.16996 2019-12-08 20:00:23
Want to analyze US Dollar/CFA Franc BEAC USDXAF or another symbol? Try our Free Forex Trend Analysis Report.