Forex Trend Analysis Report
Prepared for you on Wednesday, March 22, 2023.
CFA Franc BCEAO/South African Rand (FOREX:XOFZAR)
Strong Uptrend (+100) - XOFZAR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, XOFZAR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 UP since Jul 1st, 2022 at 0.02617664
The intermediate-term trend has been UP since Jan 16th, 2023 at 0.02813601
The short-term trend has been UP since Mar 17th, 2023 at 0.02991388
Smart Scan Analysis for XOFZAR
Based on our trend formula, XOFZAR is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).