Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
CFA Franc BCEAO/Brazilian Real (FOREX:XOFBRL)
Weak Downtrend (-65) - XOFBRL is showing signs of a strengthening downtrend. Monitor XOFBRL as it may be building momentum to the downside.
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 Sep 1st, 2019 at 0.00687600
The intermediate-term trend has been DOWN since May 25th, 2020 at 0.00921905
The short-term trend has been DOWN since May 18th, 2020 at 0.00957944
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).