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.
MarketClub’s Trade Triangles for XOFBRL
The long-term trend has been DOWN since Jan 20th, 2022 at 0.00953279
The intermediate-term trend has been DOWN since Jan 14th, 2022 at 0.00968356
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).