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Forex Trend Analysis Report

Prepared for you on Monday, May 25, 2020.

CFA Franc BCEAO/Brazilian Real (FOREX:XOFBRL)

Weak Downtrend (-65) - XOFBRL is showing signs of a strengthening downtrend. Monitor XOFBRL as it may be building momentum to the downside.

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
0.00905319 0.00905319 0.00905319 0.00905319 0.00000000
Entry Signal

MarketClub’s Trade Triangles for XOFBRL

long term up The long-term trend has been UP since Sep 1st, 2019 at 0.00687600

intermediate term down The intermediate-term trend has been DOWN since May 25th, 2020 at 0.00921905

short term down The short-term trend has been DOWN since May 18th, 2020 at 0.00957944

Smart Scan Analysis for XOFBRL

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

-70
Smart Scan Analysis for XOFBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00905319 0.00905319 0.00905319 0.00905319 0.00000000
Prev. Close Volume Bid Ask Time
0.00905319 0.00905319 0.00905319 2020-05-25 21:04:38
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