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Forex Trend Analysis Report

Prepared for you on Sunday, February 25, 2024.

CFA Franc BCEAO/US Dollar (FOREX:XOFUSD)

Countertrend Up (+85) - XOFUSD 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 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.

FOREX_XOFUSD
Open High Low XOFUSD Price Change
0.00165201 0.00165201 0.00165201 0.00165201 0.00000000
Entry Signal

MarketClub’s Trade Triangles for XOFUSD

long term up The long-term trend has been UP since Dec 24th, 2023 at 0.00167048

intermediate term up The intermediate-term trend has been UP since Feb 24th, 2024 at 0.00165080

short term up The short-term trend has been UP since Feb 24th, 2024 at 0.00164252

Smart Scan Analysis for XOFUSD

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

+80
Smart Scan Analysis for XOFUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00165201 0.00165201 0.00165201 0.00165201 0.00000000
Prev. Close Volume Bid Ask Time
0.00165201 2024-02-24 04:44:38
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