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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.

FOREX_XOFUSD
Open High Low XOFUSD Price Change
0.00185466 0.00185466 0.00185466 0.00185466 0.00000000
Entry Signal

MarketClub’s Trade Triangles for XOFUSD

long term up The long-term trend has been UP since Jul 13th, 2020 at 0.00172710

intermediate term up The intermediate-term trend has been UP since Feb 23rd, 2021 at 0.00185123

short term up 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).

+90
Smart Scan Analysis for XOFUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00185466 0.00185466 0.00185466 0.00185466 0.00000000
Prev. Close Volume Bid Ask Time
0.00184622 2021-02-24 07:23:16
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