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Forex Trend Analysis Report

Prepared for you on Sunday, July 14, 2024.

CFA Franc BCEAO/US Dollar (FOREX:XOFUSD)

Bull Market Weakness (+75) - XOFUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on XOFUSD as it may be in the beginning stages of a reversal.

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
0.00166019 0.00166019 0.00166019 0.00166019 0.00000000
Entry Signal

MarketClub’s Trade Triangles for XOFUSD

long term down The long-term trend has been DOWN since Apr 14th, 2024 at 0.00163238

intermediate term up The intermediate-term trend has been UP since Jul 4th, 2024 at 0.00164841

short term up The short-term trend has been UP since Jul 2nd, 2024 at 0.00163396

Smart Scan Analysis for XOFUSD

Based on our trend formula, XOFUSD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for XOFUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00166019 0.00166019 0.00166019 0.00166019 0.00000000
Prev. Close Volume Bid Ask Time
0.00166497 2024-07-12 07:26:24
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