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Forex Trend Analysis Report

Prepared for you on Saturday, April 13, 2024.

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

Strong Downtrend (-100) - XOFZAR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, XOFZAR continues to fall. 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
0.03064365 0.03075122 0.03037805 0.03061964 -0.00002400
Entry Signal

MarketClub’s Trade Triangles for XOFZAR

long term down The long-term trend has been DOWN since Apr 8th, 2024 at 0.03068853

intermediate term down The intermediate-term trend has been DOWN since Apr 1st, 2024 at 0.03091527

short term down The short-term trend has been DOWN since Mar 29th, 2024 at 0.03106545

Smart Scan Analysis for XOFZAR

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

-100
Smart Scan Analysis for XOFZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.03064365 0.03075122 0.03037805 0.03061964 -0.00002400
Prev. Close Volume Bid Ask Time
0.03064365 2024-04-12 17:05:23
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