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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

CFA Franc BCEAO/South African Rand (FOREX:XOFZAR)

Sidelines Mode (+55) - XOFZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

FOREX_XOFZAR
Open High Low XOFZAR Price Change
0.03110593 0.03112750 0.03104906 0.03105768 -0.00004800
Entry Signal

MarketClub’s Trade Triangles for XOFZAR

long term up The long-term trend has been UP since Jan 17th, 2024 at 0.03156684

intermediate term up The intermediate-term trend has been UP since Feb 20th, 2024 at 0.03137700

short term down The short-term trend has been DOWN since Mar 29th, 2024 at 0.03106545

Smart Scan Analysis for XOFZAR

Based on our trend formula, XOFZAR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for XOFZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.03110593 0.03112750 0.03104906 0.03105768 -0.00004800
Prev. Close Volume Bid Ask Time
0.03110593 2024-03-29 11:15:23
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