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.
MarketClub’s Trade Triangles for EURXOF
The long-term trend has been DOWN since Oct 13th, 2019 at 655.96
The intermediate-term trend has been DOWN since Oct 13th, 2019 at 655.96
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).