Forex Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
CFA Franc BCEAO/Brazilian Real (FOREX:XOFBRL)
Bear Market Rally (-75) - XOFBRL is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on XOFBRL as it may be in the beginning 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.
MarketClub’s Trade Triangles for XOFBRL
The long-term trend has been DOWN since Mar 8th, 2023 at 0.00830481
The intermediate-term trend has been UP since Nov 19th, 2023 at 0.00803178
The short-term trend has been DOWN since Nov 30th, 2023 at 0.00816761
Smart Scan Analysis for XOFBRL
Based on our trend formula, XOFBRL is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).