Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Sunday, March 7, 2021.

US Dollar/CFA Franc BCEAO (FOREX:USDXOF)

Sidelines Mode (-55) - USDXOF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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
544.5 544.5 544.5 544.5 0.0
Entry Signal

MarketClub’s Trade Triangles for USDXOF

long term down The long-term trend has been DOWN since Nov 30th, 2020 at 549.03285

intermediate term down The intermediate-term trend has been DOWN since Feb 23rd, 2021 at 539.50000

short term up The short-term trend has been UP since Mar 3rd, 2021 at 541.00000

Smart Scan Analysis for USDXOF

Based on our trend formula, USDXOF is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for USDXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
544.5 544.5 544.5 544.5 0.0
Prev. Close Volume Bid Ask Time
544.5 2021-03-05 14:11:39
Get a free daily analysis and signals for US Dollar/CFA Franc BCEAO (USDXOF) - Request Your Free Report.