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Forex Trend Analysis Report

Prepared for you on Thursday, January 27, 2022.

CFA Franc BCEAO/Brazilian Real (FOREX:XOFBRL)

Strong Downtrend (-100) - XOFBRL is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, XOFBRL continues to fall. Traders should use caution and set stops.

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

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

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

FOREX_XOFBRL
Open High Low XOFBRL Price Change
0.00922408 0.00922408 0.00922408 0.00922408 0.00000000
Entry Signal

MarketClub’s Trade Triangles for XOFBRL

long term down The long-term trend has been DOWN since Jan 20th, 2022 at 0.00953279

intermediate term down The intermediate-term trend has been DOWN since Jan 14th, 2022 at 0.00968356

short term down The short-term trend has been DOWN since Jan 3rd, 2022 at 0.00969698

Smart Scan Analysis for XOFBRL

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

-100
Smart Scan Analysis for XOFBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00922408 0.00922408 0.00922408 0.00922408 0.00000000
Prev. Close Volume Bid Ask Time
0.00922408 2022-01-27 07:08:14
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