Forex Trend Analysis Report
Prepared for you on Thursday, March 28, 2024.
CFA Franc BCEAO/South African Rand (FOREX:XOFZAR)
Bull Market Weakness (+75) - XOFZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on XOFZAR as it may be in the beginning stages of a reversal.
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.
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MarketClub’s Trade Triangles for XOFZAR
The long-term trend has been UP since Jan 17th, 2024 at 0.03156684
The intermediate-term trend has been UP since Feb 20th, 2024 at 0.03137700
The short-term trend has been UP since Mar 18th, 2024 at 0.03120615
Smart Scan Analysis for XOFZAR
Based on our trend formula, XOFZAR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
0.03119388 | 0.03138857 | 0.03118682 | 0.03128028 | +0.00008600 |
Prev. Close | Volume | Bid | Ask | Time |
0.03119388 | 2024-03-28 09:58:57 |