Forex Trend Analysis Report
Prepared for you on Wednesday, November 25, 2020.
US Dollar/CFP Franc (FOREX:USDXPF)
Long-Term Downtrend (-90) - USDXPF is in a strong downtrend that is likely to continue. While USDXPF is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid USDXPF?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDXPF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDXPF
The long-term trend has been DOWN since Apr 28th, 2020 at 105.035
The intermediate-term trend has been DOWN since Nov 16th, 2020 at 101.300
The short-term trend has been DOWN since Nov 5th, 2020 at 102.325
Smart Scan Analysis for USDXPF
Based on our trend formula, USDXPF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).