Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, June 5, 2020.

CFA Franc BCEAO/US Dollar (FOREX:XOFUSD)

Sidelines Mode (+50) - XOFUSD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until XOFUSD can gain momentum.

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
0.0017271 0.0017271 0.0017271 0.0017271 0.0000000
Entry Signal

MarketClub’s Trade Triangles for XOFUSD

long term down The long-term trend has been DOWN since Apr 6th, 2020 at 0.00164547

intermediate term up The intermediate-term trend has been UP since May 20th, 2020 at 0.00166460

short term up The short-term trend has been UP since May 20th, 2020 at 0.00166460

Smart Scan Analysis for XOFUSD

Based on our trend formula, XOFUSD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for XOFUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0017271 0.0017271 0.0017271 0.0017271 0.0000000
Prev. Close Volume Bid Ask Time
0.0017271 0.0017271 0.0017271 2020-06-05 07:16:01
Get a free daily analysis and signals for CFA Franc BCEAO/US Dollar (XOFUSD) - Request Your Free Report.