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Forex Trend Analysis Report

Prepared for you on Tuesday, July 5, 2022.

CFA Franc BCEAO/Brazilian Real (FOREX:XOFBRL)

Sidelines Mode (+50) - XOFBRL is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until XOFBRL can gain momentum.

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
0.00836945 0.00836945 0.00836945 0.00836945 0.00000000
Entry Signal

MarketClub’s Trade Triangles for XOFBRL

long term down The long-term trend has been DOWN since Jan 20th, 2022 at 0.00953279

intermediate term up The intermediate-term trend has been UP since Jun 8th, 2022 at 0.00796943

short term up The short-term trend has been UP since Jun 8th, 2022 at 0.00787658

Smart Scan Analysis for XOFBRL

Based on our trend formula, XOFBRL is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for XOFBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00836945 0.00836945 0.00836945 0.00836945 0.00000000
Prev. Close Volume Bid Ask Time
0.00836945 2022-07-05 07:16:06
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