Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Sunday, June 26, 2022.
CFA Franc BCEAO/South African Rand (FOREX:XOFZAR)
Long-Term Downtrend (-90) - XOFZAR is in a strong downtrend that is likely to continue. While XOFZAR 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 XOFZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for XOFZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for XOFZAR
The long-term trend has been DOWN since Feb 14th, 2022 at 0.02600132
The intermediate-term trend has been DOWN since Jun 1st, 2022 at 0.02532910
The short-term trend has been DOWN since Jun 24th, 2022 at 0.02547027
Smart Scan Analysis for XOFZAR
Based on our trend formula, XOFZAR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.02557809 | 0.02567302 | 0.02537466 | 0.02542034 | -0.00015800 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.02557809 | 2022-06-24 17:03:24 |