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Forex Trend Analysis Report

Prepared for you on Tuesday, March 21, 2023.

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
0.0085846 0.0085846 0.0085846 0.0085846 0.0000000
Entry Signal

MarketClub’s Trade Triangles for XOFBRL

long term down The long-term trend has been DOWN since Mar 8th, 2023 at 0.00830481

intermediate term up The intermediate-term trend has been UP since Mar 17th, 2023 at 0.00846509

short term up The short-term trend has been UP since Mar 10th, 2023 at 0.00843750

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
0.0085846 0.0085846 0.0085846 0.0085846 0.0000000
Prev. Close Volume Bid Ask Time
0.0085846 2023-03-18 03:55:53
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