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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

CFA Franc BCEAO/South African Rand (FOREX:XOFZAR)

Bull Market Weakness (+75) - XOFZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on XOFZAR as it may be in the beginning stages of a reversal.

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
0.03119388 0.03138857 0.03118682 0.03128028 +0.00008600
Entry Signal

MarketClub’s Trade Triangles for XOFZAR

long term up The long-term trend has been UP since Jan 17th, 2024 at 0.03156684

intermediate term up The intermediate-term trend has been UP since Feb 20th, 2024 at 0.03137700

short term up The short-term trend has been UP since Mar 18th, 2024 at 0.03120615

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
0.03119388 0.03138857 0.03118682 0.03128028 +0.00008600
Prev. Close Volume Bid Ask Time
0.03119388 2024-03-28 09:58:57
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