Forex Trend Analysis Report
Prepared for you on Wednesday, July 6, 2022.
CFA Franc BEAC/US Dollar (FOREX:XAFUSD)
Strong Downtrend (-100) - XAFUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, XAFUSD continues to fall. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for XAFUSD
The long-term trend has been DOWN since Mar 5th, 2021 at 0.00183513
The intermediate-term trend has been DOWN since Jun 9th, 2022 at 0.00162576
The short-term trend has been DOWN since Jun 9th, 2022 at 0.00162576
Smart Scan Analysis for XAFUSD
Based on our trend formula, XAFUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).