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Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 2024.
CFA Franc BCEAO/US Dollar (FOREX:XOFUSD)
Long-Term Downtrend (-90) - XOFUSD is in a strong downtrend that is likely to continue. While XOFUSD is showing intraday strength, it remains in the confines of a bearish trend. 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.
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MarketClub’s Trade Triangles for XOFUSD
The long-term trend has been DOWN since Nov 7th, 2024 at 0.00165063
The intermediate-term trend has been DOWN since Sep 15th, 2024 at 0.00170435
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 -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00160767 | 0.00160767 | 0.00160767 | 0.00160767 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00160767 | 2024-11-20 19:11:55 |