Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Sunday, February 28, 2021.

CFA Franc BCEAO/Brazilian Real (FOREX:XOFBRL)

Bull Market Weakness (+75) - XOFBRL is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on XOFBRL as it may be in the beginning stages of a reversal.

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
0.01005935 0.01005935 0.01005935 0.01005935 0.00000000
Entry Signal

MarketClub’s Trade Triangles for XOFBRL

long term down The long-term trend has been DOWN since Dec 8th, 2020 at 0.00946022

intermediate term up The intermediate-term trend has been UP since Dec 28th, 2020 at 0.00957990

short term up The short-term trend has been UP since Feb 18th, 2021 at 0.00994059

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
0.01005935 0.01005935 0.01005935 0.01005935 0.00000000
Prev. Close Volume Bid Ask Time
0.01021210 2021-02-24 07:23:16
Get a free daily analysis and signals for CFA Franc BCEAO/Brazilian Real (XOFBRL) - Request Your Free Report.