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Forex Trend Analysis Report

Prepared for you on Tuesday, July 5, 2022.

US Dollar/CFA Franc BCEAO (FOREX:USDXOF)

Countertrend Up (+85) - USDXOF is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
630.57933 630.57933 630.57933 630.57933 0.00000
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 Jun 13th, 2022 at 614.62357

short term up The short-term trend has been UP since Jun 28th, 2022 at 623.00000

Smart Scan Analysis for USDXOF

Based on our trend formula, USDXOF is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for USDXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
630.57933 630.57933 630.57933 630.57933 0.00000
Prev. Close Volume Bid Ask Time
630.57933 2022-06-30 07:21:49
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