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Forex Trend Analysis Report

Prepared for you on Thursday, October 21, 2021.

US Dollar/CFA Franc BCEAO (FOREX:USDXOF)

Sidelines Mode (+55) - USDXOF 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 USDXOF?

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

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

FOREX_USDXOF
Open High Low USDXOF Price Change
564 564 564 564 0
Entry Signal

MarketClub’s Trade Triangles for USDXOF

long term up The long-term trend has been UP since Oct 1st, 2021 at 561.81145

intermediate term up The intermediate-term trend has been UP since Oct 1st, 2021 at 561.22982

short term down The short-term trend has been DOWN since Oct 19th, 2021 at 567.37795

Smart Scan Analysis for USDXOF

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

+55
Smart Scan Analysis for USDXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
564 564 564 564 0
Prev. Close Volume Bid Ask Time
564 2021-10-21 12:07:43
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