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Forex Trend Analysis Report

Prepared for you on Wednesday, March 22, 2023.

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

Strong Uptrend (+100) - XOFZAR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, XOFZAR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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
0.03043442 0.03048811 0.03011334 0.03023634 -0.00019800
Entry Signal

MarketClub’s Trade Triangles for XOFZAR

long term up The long-term trend has been UP since Jul 1st, 2022 at 0.02617664

intermediate term up The intermediate-term trend has been UP since Jan 16th, 2023 at 0.02813601

short term up The short-term trend has been UP since Mar 17th, 2023 at 0.02991388

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
0.03043442 0.03048811 0.03011334 0.03023634 -0.00019800
Prev. Close Volume Bid Ask Time
0.03043442 2023-03-22 15:07:50
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