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Forex Trend Analysis Report

Prepared for you on Saturday, October 26, 2024.

CFA Franc BCEAO/US Dollar (FOREX:XOFUSD)

Weak Downtrend (-65) - XOFUSD is showing signs of a strengthening downtrend. Monitor XOFUSD as it may be building momentum to the downside.

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
0.00165063 0.00165063 0.00165063 0.00165063 0.00000000
Entry Signal

MarketClub’s Trade Triangles for XOFUSD

long term up The long-term trend has been UP since Jul 15th, 2024 at 0.00166054

intermediate term down The intermediate-term trend has been DOWN since Sep 15th, 2024 at 0.00170435

short term down The short-term trend has been DOWN since Oct 4th, 2024 at 0.00169504

Smart Scan Analysis for XOFUSD

Based on our trend formula, XOFUSD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for XOFUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00165063 0.00165063 0.00165063 0.00165063 0.00000000
Prev. Close Volume Bid Ask Time
0.00164666 2024-10-22 07:25:24
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