Forex Trend Analysis Report
Prepared for you on Saturday, April 1, 2023.
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.
MarketClub’s Trade Triangles for XOFUSD
The long-term trend has been UP since Nov 24th, 2022 at 0.00156231
The intermediate-term trend has been UP since Mar 17th, 2023 at 0.00162346
The short-term trend has been UP since Mar 10th, 2023 at 0.00162210
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).