Forex Trend Analysis Report
Prepared for you on Thursday, May 6, 2021.
CFA Franc BCEAO/ (FOREX:XOFGHS)
Crossroads (-60) - XOFGHS is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid XOFGHS?
MarketClub looks at technical strength and momentum to determine if the timing is right for XOFGHS.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for XOFGHS
The long-term trend has been DOWN since Mar 3rd, 2021 at 0.01061777
The intermediate-term trend has been UP since Apr 7th, 2021 at 0.01044504
The short-term trend has been UP since Apr 6th, 2021 at 0.01033315
Smart Scan Analysis for XOFGHS
Based on our trend formula, XOFGHS is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).