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Forex Trend Analysis Report

Prepared for you on Thursday, July 25, 2024.

US Dollar/CFA Franc BCEAO (FOREX:USDXOF)

Bull Market Weakness (+75) - USDXOF is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDXOF as it may be in the beginning stages of a reversal.

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
605.12080 605.15988 605.12080 605.15988 +0.03908
Entry Signal

MarketClub’s Trade Triangles for USDXOF

long term down The long-term trend has been DOWN since Jun 13th, 2024 at 453.50000

intermediate term up The intermediate-term trend has been UP since Jun 13th, 2024 at 611.60636

short term up The short-term trend has been UP since Jul 19th, 2024 at 602.50000

Smart Scan Analysis for USDXOF

Based on our trend formula, USDXOF is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for USDXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
605.12080 605.15988 605.12080 605.15988 +0.03908
Prev. Close Volume Bid Ask Time
605.12080 2024-07-24 21:07:16
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