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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.

FOREX_XAFUSD
Open High Low XAFUSD Price Change
0.00158589 0.00158589 0.00158589 0.00158589 0.00000000
Entry Signal

MarketClub’s Trade Triangles for XAFUSD

long term down The long-term trend has been DOWN since Mar 5th, 2021 at 0.00183513

intermediate term down The intermediate-term trend has been DOWN since Jun 9th, 2022 at 0.00162576

short term down 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).

-100
Smart Scan Analysis for XAFUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00158589 0.00158589 0.00158589 0.00158589 0.00000000
Prev. Close Volume Bid Ask Time
0.00158589 2022-06-30 07:21:51
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