Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
CFA Franc BCEAO/US Dollar (FOREX:XOFUSD)
Long-Term Uptrend (+90) - XOFUSD is in a strong uptrend that is likely to continue. While XOFUSD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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.
MarketClub’s Trade Triangles for XOFUSD
The long-term trend has been UP since Jul 13th, 2020 at 0.00172710
The intermediate-term trend has been UP since Feb 23rd, 2021 at 0.00185123
The short-term trend has been UP since Feb 23rd, 2021 at 0.00185123
Smart Scan Analysis for XOFUSD
Based on our trend formula, XOFUSD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).