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Forex Trend Analysis Report
Prepared for you on Saturday, October 26, 2024.
US Dollar/CFA Franc BCEAO (FOREX:USDXOF)
Sidelines Mode (+50) - USDXOF is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until USDXOF can gain momentum.
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 DOWN since Jun 13th, 2024 at 453.5
The intermediate-term trend has been UP since Oct 4th, 2024 at 595.5
The short-term trend has been UP since Oct 4th, 2024 at 590.5
Smart Scan Analysis for USDXOF
Based on our trend formula, USDXOF is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 605.82778 | 605.82778 | 605.82778 | 605.82778 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 607.28887 | 2024-10-22 07:25:24 |