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Forex Trend Analysis Report

Prepared for you on Sunday, February 25, 2024.

CFA Franc BCEAO/ (FOREX:XOFGHS)

Countertrend Up (+85) - XOFGHS is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
0.02071477 0.02071477 0.02071477 0.02071477 0.00000000
Entry Signal

MarketClub’s Trade Triangles for XOFGHS

long term up The long-term trend has been UP since Nov 10th, 2023 at 0.01915065

intermediate term up The intermediate-term trend has been UP since Jan 26th, 2024 at 0.02020407

short term up The short-term trend has been UP since Feb 16th, 2024 at 0.02041597

Smart Scan Analysis for XOFGHS

Based on our trend formula, XOFGHS is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for XOFGHS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02071477 0.02071477 0.02071477 0.02071477 0.00000000
Prev. Close Volume Bid Ask Time
0.02071477 2024-02-24 04:44:38
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