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Forex Trend Analysis Report

Prepared for you on Tuesday, November 24, 2020.

US Dollar/CFA Franc BCEAO (FOREX:USDXOF)

Crossroads (-60) - USDXOF is struggling to move into a solid trend. Beware of choppy markets 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
554.00000 554.00000 553.89377 553.89377 -0.10623
Entry Signal

MarketClub’s Trade Triangles for USDXOF

long term up The long-term trend has been UP since Oct 23rd, 2020 at 585.80665

intermediate term down The intermediate-term trend has been DOWN since Oct 27th, 2020 at 554.64546

short term down The short-term trend has been DOWN since Nov 17th, 2020 at 553.00000

Smart Scan Analysis for USDXOF

Based on our trend formula, USDXOF is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for USDXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
554.00000 554.00000 553.89377 553.89377 -0.10623
Prev. Close Volume Bid Ask Time
554.00000 2020-11-23 21:07:06
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