Forex Trend Analysis Report
Prepared for you on Friday, June 5, 2020.
CFA Franc BCEAO/US Dollar (FOREX:XOFUSD)
Sidelines Mode (+50) - XOFUSD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until XOFUSD can gain momentum.
Is it time to buy, sell, or avoid XOFUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for XOFUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for XOFUSD
The long-term trend has been DOWN since Apr 6th, 2020 at 0.00164547
The intermediate-term trend has been UP since May 20th, 2020 at 0.00166460
The short-term trend has been UP since May 20th, 2020 at 0.00166460
Smart Scan Analysis for XOFUSD
Based on our trend formula, XOFUSD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).