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Forex Trend Analysis Report

Prepared for you on Sunday, December 3, 2023.

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
0.03100981 0.03100981 0.03093290 0.03093290 -0.00007700
Entry Signal

MarketClub’s Trade Triangles for XOFZAR

long term down The long-term trend has been DOWN since Nov 1st, 2023 at 0.02995960

intermediate term up The intermediate-term trend has been UP since Nov 20th, 2023 at 0.03067465

short term down The short-term trend has been DOWN since Dec 1st, 2023 at 0.03093008

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
0.03100981 0.03100981 0.03093290 0.03093290 -0.00007700
Prev. Close Volume Bid Ask Time
0.03100981 2023-12-03 13:04:59
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