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Forex Trend Analysis Report

Prepared for you on Wednesday, May 22, 2024.

US Dollar/CFA Franc BCEAO (FOREX:USDXOF)

Crossroads (-60) - USDXOF is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
605.59846 605.59846 605.59846 605.59846 0.00000
Entry Signal

MarketClub’s Trade Triangles for USDXOF

long term up The long-term trend has been UP since Apr 12th, 2024 at 612.60308

intermediate term down The intermediate-term trend has been DOWN since May 6th, 2024 at 610.50000

short term down The short-term trend has been DOWN since May 6th, 2024 at 610.50000

Smart Scan Analysis for USDXOF

Based on our trend formula, USDXOF is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for USDXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
605.59846 605.59846 605.59846 605.59846 0.00000
Prev. Close Volume Bid Ask Time
605.59846 2024-05-22 07:26:18
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