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Forex Trend Analysis Report
Prepared for you on Saturday, April 27, 2024.
US Dollar/CFA Franc BCEAO (FOREX:USDXOF)
Countertrend Up (+85) - USDXOF is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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.
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MarketClub’s Trade Triangles for USDXOF
The long-term trend has been UP since Apr 12th, 2024 at 612.60308
The intermediate-term trend has been UP since Mar 28th, 2024 at 604.56588
The short-term trend has been DOWN since Apr 19th, 2024 at 614.86554
Smart Scan Analysis for USDXOF
Based on our trend formula, USDXOF is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 613.5 | 613.5 | 612.5 | 612.5 | -1.0 |
| Prev. Close | Volume | Bid | Ask | Time |
| 613.0 | 2024-04-25 14:41:37 |