Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 2021.
CFA Franc BCEAO/South African Rand (FOREX:XOFZAR)
Weak Downtrend (-65) - XOFZAR is showing signs of a strengthening downtrend. Monitor XOFZAR as it may be building momentum to the downside.
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 Nov 1st, 2020 at 0.02876606
The intermediate-term trend has been DOWN since Feb 3rd, 2021 at 0.02736572
The short-term trend has been UP since Feb 25th, 2021 at 0.02758677
Smart Scan Analysis for XOFZAR
Based on our trend formula, XOFZAR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).