Forex Trend Analysis Report
Prepared for you on Sunday, September 24, 2023.
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.
MarketClub’s Trade Triangles for EURXOF
The long-term trend has been UP since Mar 6th, 2023 at 655.957
The intermediate-term trend has been DOWN since May 11th, 2023 at 656.000
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).