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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

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
606.31216 606.31216 606.31216 606.31216 0.00000
Entry Signal

MarketClub’s Trade Triangles for USDXOF

long term down The long-term trend has been DOWN since Sep 7th, 2023 at 589.22704

intermediate term up The intermediate-term trend has been UP since Mar 28th, 2024 at 604.56588

short term up The short-term trend has been UP since Mar 20th, 2024 at 602.00000

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
606.31216 606.31216 606.31216 606.31216 0.00000
Prev. Close Volume Bid Ask Time
606.31216 2024-03-28 02:42:09
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