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.
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 Mar 17th, 2023 at 0.00846509
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).