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Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

CFA Franc BCEAO/Brazilian Real (FOREX:XOFBRL)

Weak Uptrend (+65) - XOFBRL is showing signs of weakening momentum to the upside. Monitor XOFBRL as it may be in the beginning stages of a reversal.

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

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

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

FOREX_XOFBRL
Open High Low XOFBRL Price Change
0.00831427 0.00833805 0.00831427 0.00833805 +0.00002400
Entry Signal

MarketClub’s Trade Triangles for XOFBRL

long term up The long-term trend has been UP since Dec 17th, 2023 at 0.00818773

intermediate term up The intermediate-term trend has been UP since Feb 26th, 2024 at 0.00819764

short term down The short-term trend has been DOWN since May 7th, 2024 at 0.00835939

Smart Scan Analysis for XOFBRL

Based on our trend formula, XOFBRL is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for XOFBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00831427 0.00833805 0.00831427 0.00833805 +0.00002400
Prev. Close Volume Bid Ask Time
0.00831427 2024-05-08 21:02:49
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