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Forex Trend Analysis Report

Prepared for you on Thursday, January 21, 2021.

CFA Franc BEAC/US Dollar (FOREX:XAFUSD)

Crossroads (-60) - XAFUSD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid XAFUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for XAFUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_XAFUSD
Open High Low XAFUSD Price Change
0.00184105 0.00184180 0.00184105 0.00184180 +0.00000100
Entry Signal

MarketClub’s Trade Triangles for XAFUSD

long term up The long-term trend has been UP since Jun 5th, 2020 at 0.00170533

intermediate term down The intermediate-term trend has been DOWN since Jan 12th, 2021 at 0.00185630

short term down The short-term trend has been DOWN since Jan 12th, 2021 at 0.00186209

Smart Scan Analysis for XAFUSD

Based on our trend formula, XAFUSD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for XAFUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00184105 0.00184180 0.00184105 0.00184180 +0.00000100
Prev. Close Volume Bid Ask Time
0.00184827 2021-01-18 02:31:42
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