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Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 2024.
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.
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MarketClub’s Trade Triangles for USDXOF
The long-term trend has been UP since Nov 7th, 2024 at 607.0
The intermediate-term trend has been UP since Oct 4th, 2024 at 595.5
The short-term trend has been UP since Nov 7th, 2024 at 607.0
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 622.01666 | 622.01666 | 622.01666 | 622.01666 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 622.01666 | 2024-11-20 19:11:55 |