Forex Trend Analysis Report
Prepared for you on Tuesday, July 5, 2022.
CFA Franc BCEAO/US Dollar (FOREX:XOFUSD)
Strong Downtrend (-100) - XOFUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, XOFUSD continues to fall. Traders should use caution and set stops.
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 Aug 9th, 2021 at 0.00179534
The intermediate-term trend has been DOWN since Jun 13th, 2022 at 0.00162701
The short-term trend has been DOWN since Jun 30th, 2022 at 0.00160372
Smart Scan Analysis for XOFUSD
Based on our trend formula, XOFUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).