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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.

FOREX_XOFZAR
Open High Low XOFZAR Price Change
0.02792003 0.02810529 0.02742146 0.02783224 -0.00008800
Entry Signal

MarketClub’s Trade Triangles for XOFZAR

long term down The long-term trend has been DOWN since Nov 1st, 2020 at 0.02876606

intermediate term down The intermediate-term trend has been DOWN since Feb 3rd, 2021 at 0.02736572

short term up 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).

-65
Smart Scan Analysis for XOFZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02792003 0.02810529 0.02742146 0.02783224 -0.00008800
Prev. Close Volume Bid Ask Time
0.02792003 2021-02-26 17:11:51
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