Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
CFA Franc BCEAO/ (FOREX:XOFGHS)
Strong Downtrend (-100) - XOFGHS is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid
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 Feb 3rd, 2020 at 0.00919725
The intermediate-term trend has been DOWN since Jan 20th, 2020 at 0.00962045
The short-term trend has been DOWN since Jan 8th, 2020 at 0.00969698
Smart Scan Analysis for XOFGHS
Based on our trend formula, XOFGHS is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).