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Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2025.
CFA Franc BCEAO/South African Rand (FOREX:XOFZAR)
Bear Market Rally (-75) - XOFZAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on XOFZAR as it may be in the beginning 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 DOWN since Apr 8th, 2024 at 0.03068853
The intermediate-term trend has been UP since Dec 23rd, 2024 at 0.02920100
The short-term trend has been DOWN since Jan 14th, 2025 at 0.02964110
Smart Scan Analysis for XOFZAR
Based on our trend formula, XOFZAR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.02937454 | 0.02956150 | 0.02933009 | 0.02945993 | +0.00008500 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.02937454 | 2025-01-20 09:35:59 |