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Forex Trend Analysis Report

Prepared for you on Sunday, May 31, 2020.

Euro/CFA Franc BCEAO (FOREX:EURXOF)

Strong Downtrend (-100) - EURXOF is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

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

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

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

FOREX_EURXOF
Open High Low EURXOF Price Change
655.957 655.957 655.957 655.957 0.000
Entry Signal

MarketClub’s Trade Triangles for EURXOF

long term down The long-term trend has been DOWN since Oct 13th, 2019 at 655.96

intermediate term down The intermediate-term trend has been DOWN since Oct 13th, 2019 at 655.96

short term down The short-term trend has been DOWN since Oct 13th, 2019 at 655.96

Smart Scan Analysis for EURXOF

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

-100
Smart Scan Analysis for EURXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
655.957 655.957 655.957 655.957 0.000
Prev. Close Volume Bid Ask Time
655.957 655.957 655.957 2020-05-28 21:09:25
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