Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Saturday, May 4, 2024.
CFA Franc BCEAO/South African Rand (FOREX:XOFZAR)
Strong Downtrend (-100) - XOFZAR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, XOFZAR continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid XOFZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for XOFZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for XOFZAR
The long-term trend has been DOWN since Apr 8th, 2024 at 0.03068853
The intermediate-term trend has been DOWN since May 1st, 2024 at 0.03037805
The short-term trend has been DOWN since Apr 25th, 2024 at 0.03097319
Smart Scan Analysis for XOFZAR
Based on our trend formula, XOFZAR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.03035589 | 0.03042661 | 0.03028090 | 0.03030275 | -0.00005300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.03035589 | 2024-05-03 17:00:04 |