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Forex Trend Analysis Report

Prepared for you on Monday, May 25, 2020.

US Dollar/CFA Franc BCEAO (FOREX:USDXOF)

Long-Term Uptrend (+90) - USDXOF is in a strong uptrend that is likely to continue. While USDXOF is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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
626 626 626 626 0
Entry Signal

MarketClub’s Trade Triangles for USDXOF

long term up The long-term trend has been UP since May 22nd, 2020 at 610.50000

intermediate term up The intermediate-term trend has been UP since May 22nd, 2020 at 607.50000

short term up The short-term trend has been UP since May 22nd, 2020 at 606.84503

Smart Scan Analysis for USDXOF

Based on our trend formula, USDXOF is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for USDXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
626 626 626 626 0
Prev. Close Volume Bid Ask Time
602 596 656 2020-05-22 12:33:21
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