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Forex Trend Analysis Report

Prepared for you on Sunday, June 26, 2022.

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

Long-Term Downtrend (-90) - XOFZAR is in a strong downtrend that is likely to continue. While XOFZAR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
0.02557809 0.02567302 0.02537466 0.02542034 -0.00015800
Entry Signal

MarketClub’s Trade Triangles for XOFZAR

long term down The long-term trend has been DOWN since Feb 14th, 2022 at 0.02600132

intermediate term down The intermediate-term trend has been DOWN since Jun 1st, 2022 at 0.02532910

short term down The short-term trend has been DOWN since Jun 24th, 2022 at 0.02547027

Smart Scan Analysis for XOFZAR

Based on our trend formula, XOFZAR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for XOFZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02557809 0.02567302 0.02537466 0.02542034 -0.00015800
Prev. Close Volume Bid Ask Time
0.02557809 2022-06-24 17:03:24
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