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Forex Trend Analysis Report

Prepared for you on Sunday, November 28, 2021.

US Dollar/CFA Franc BCEAO (FOREX:USDXOF)

Long-Term Uptrend (+90) - USDXOF is in a strong uptrend that is likely to continue. While USDXOF is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid USDXOF?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDXOF.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDXOF
Open High Low USDXOF Price Change
583 583 583 583 0
Entry Signal

MarketClub’s Trade Triangles for USDXOF

long term up The long-term trend has been UP since Oct 1st, 2021 at 561.81145

intermediate term up The intermediate-term trend has been UP since Oct 1st, 2021 at 561.22982

short term up The short-term trend has been UP since Nov 12th, 2021 at 567.50000

Smart Scan Analysis for USDXOF

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

+90
Smart Scan Analysis for USDXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
583 583 583 583 0
Prev. Close Volume Bid Ask Time
583 2021-11-26 14:34:46
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