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Forex Trend Analysis Report

Prepared for you on Monday, October 18, 2021.

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.

FOREX_XOFUSD
Open High Low XOFUSD Price Change
0.00176125 0.00176125 0.00176125 0.00176125 0.00000000
Entry Signal

MarketClub’s Trade Triangles for XOFUSD

long term down The long-term trend has been DOWN since Aug 9th, 2021 at 0.00179534

intermediate term down The intermediate-term trend has been DOWN since Sep 21st, 2021 at 0.00179277

short term down The short-term trend has been DOWN since Sep 12th, 2021 at 0.00180334

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
0.00176125 0.00176125 0.00176125 0.00176125 0.00000000
Prev. Close Volume Bid Ask Time
0.00177040 2021-10-12 07:14:15
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