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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.

FOREX_XOFGHS
Open High Low XOFGHS Price Change
0.01060131 0.01060131 0.01060131 0.01060131 0.00000000
Entry Signal

MarketClub’s Trade Triangles for XOFGHS

long term down The long-term trend has been DOWN since Mar 3rd, 2021 at 0.01061777

intermediate term up The intermediate-term trend has been UP since Apr 7th, 2021 at 0.01044504

short term up 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).

-60
Smart Scan Analysis for XOFGHS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01060131 0.01060131 0.01060131 0.01060131 0.00000000
Prev. Close Volume Bid Ask Time
0.01060131 2021-05-06 07:26:09
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