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Forex Trend Analysis Report
Prepared for you on Thursday, April 25, 2024.
CFA Franc BCEAO/US Dollar (FOREX:XOFUSD)
Bear Market Rally (-75) - XOFUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on XOFUSD as it may be in the beginning of a reversal.
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.
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MarketClub’s Trade Triangles for XOFUSD
The long-term trend has been DOWN since Apr 14th, 2024 at 0.00163238
The intermediate-term trend has been DOWN since Apr 10th, 2024 at 0.00163807
The short-term trend has been UP since Apr 24th, 2024 at 0.00162637
Smart Scan Analysis for XOFUSD
Based on our trend formula, XOFUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00163174 | 0.00163174 | 0.00163174 | 0.00163174 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00163174 | 2024-04-24 21:01:06 |