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Forex Trend Analysis Report

Prepared for you on Thursday, June 13, 2024.

Euro/CFA Franc BCEAO (FOREX:EURXOF)

Weak Downtrend (-65) - EURXOF is showing signs of a strengthening downtrend. Monitor EURXOF as it may be building momentum to the downside.

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 up The long-term trend has been UP since Mar 6th, 2023 at 655.957

intermediate term down The intermediate-term trend has been DOWN since May 11th, 2023 at 656.000

short term down The short-term trend has been DOWN since May 11th, 2023 at 656.000

Smart Scan Analysis for EURXOF

Based on our trend formula, EURXOF is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
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 2024-06-13 11:03:41
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