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Forex Trend Analysis Report

Prepared for you on Friday, May 9, 2025.

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.

FOREX_XOFZAR
Open High Low XOFZAR Price Change
0.03124023 0.03129817 0.03113111 0.03116418 -0.00007600
Entry Signal

MarketClub’s Trade Triangles for XOFZAR

long term up The long-term trend has been UP since Jan 27th, 2025 at 0.03001554

intermediate term down The intermediate-term trend has been DOWN since May 2nd, 2025 at 0.03176181

short term down The short-term trend has been DOWN since Apr 28th, 2025 at 0.03216348

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).

-70
Smart Scan Analysis for XOFZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.03124023 0.03129817 0.03113111 0.03116418 -0.00007600
Prev. Close Volume Bid Ask Time
0.03124023 2025-05-09 07:11:54
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