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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
CFA Franc BCEAO/South African Rand (FOREX:XOFZAR)
Sidelines Mode (+55) - XOFZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 DOWN since Apr 8th, 2024 at 0.03068853
The intermediate-term trend has been UP since Nov 13th, 2024 at 0.02939491
The short-term trend has been DOWN since Nov 18th, 2024 at 0.02907005
Smart Scan Analysis for XOFZAR
Based on our trend formula, XOFZAR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.02915462 | 0.02922204 | 0.02910331 | 0.02918251 | +0.00002800 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.02915462 | 2024-11-20 03:49:18 |