Forex Trend Analysis Report
Prepared for you on Friday, March 24, 2023.
CFA Franc BCEAO/ (FOREX:XOFGHS)
Countertrend Down (-85) - XOFGHS is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 Dec 20th, 2022 at 0.01497522
The intermediate-term trend has been DOWN since Mar 8th, 2023 at 0.02020727
The short-term trend has been UP since Mar 17th, 2023 at 0.01993598
Smart Scan Analysis for XOFGHS
Based on our trend formula, XOFGHS is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).