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Forex Trend Analysis Report

Prepared for you on Monday, October 18, 2021.

CFA Franc BCEAO/Brazilian Real (FOREX:XOFBRL)

Countertrend Up (+85) - XOFBRL 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 XOFBRL?

MarketClub looks at technical strength and momentum to determine if the timing is right for XOFBRL.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_XOFBRL
Open High Low XOFBRL Price Change
0.00975155 0.00975155 0.00975155 0.00975155 0.00000000
Entry Signal

MarketClub’s Trade Triangles for XOFBRL

long term up The long-term trend has been UP since Oct 10th, 2021 at 0.00964332

intermediate term up The intermediate-term trend has been UP since Jul 19th, 2021 at 0.00910883

short term up The short-term trend has been UP since Sep 17th, 2021 at 0.00942516

Smart Scan Analysis for XOFBRL

Based on our trend formula, XOFBRL is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for XOFBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00975155 0.00975155 0.00975155 0.00975155 0.00000000
Prev. Close Volume Bid Ask Time
0.00976162 2021-10-12 07:14:15
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