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.
MarketClub’s Trade Triangles for XOFBRL
The long-term trend has been UP since Oct 10th, 2021 at 0.00964332
The intermediate-term trend has been UP since Jul 19th, 2021 at 0.00910883
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).