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Forex Trend Analysis Report

Prepared for you on Sunday, October 17, 2021.

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.

FOREX_XOFZAR
Open High Low XOFZAR Price Change
0.02615823 0.02617120 0.02581435 0.02582486 -0.00033300
Entry Signal

MarketClub’s Trade Triangles for XOFZAR

long term up The long-term trend has been UP since Jul 25th, 2021 at 0.02667840

intermediate term down The intermediate-term trend has been DOWN since Oct 14th, 2021 at 0.02606504

short term up The short-term trend has been UP since Oct 12th, 2021 at 0.02656988

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).

-55
Smart Scan Analysis for XOFZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02615823 0.02617120 0.02581435 0.02582486 -0.00033300
Prev. Close Volume Bid Ask Time
0.02615823 2021-10-15 18:20:19
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