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Forex Trend Analysis Report

Prepared for you on Monday, July 22, 2024.

CFA Franc BCEAO/Brazilian Real (FOREX:XOFBRL)

Strong Uptrend (+100) - XOFBRL is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, XOFBRL continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in 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
0.00919999 0.00919999 0.00919999 0.00919999 0.00000000
Entry Signal

MarketClub’s Trade Triangles for XOFBRL

long term up The long-term trend has been UP since Dec 17th, 2023 at 0.00818773

intermediate term up The intermediate-term trend has been UP since Feb 26th, 2024 at 0.00819764

short term up The short-term trend has been UP since Jul 12th, 2024 at 0.00902773

Smart Scan Analysis for XOFBRL

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

+100
Smart Scan Analysis for XOFBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00919999 0.00919999 0.00919999 0.00919999 0.00000000
Prev. Close Volume Bid Ask Time
0.00931570 2024-07-21 21:00:36
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