Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 2021.
CFA Franc BCEAO/Brazilian Real (FOREX:XOFBRL)
Bull Market Weakness (+75) - XOFBRL is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on XOFBRL as it may be in the beginning stages 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 Dec 8th, 2020 at 0.00946022
The intermediate-term trend has been UP since Dec 28th, 2020 at 0.00957990
The short-term trend has been UP since Feb 18th, 2021 at 0.00994059
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).