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Forex Trend Analysis Report

Prepared for you on Friday, May 14, 2021.

CFA Franc BCEAO/US Dollar (FOREX:XOFUSD)

Crossroads (-60) - XOFUSD 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 XOFUSD?

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

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

FOREX_XOFUSD
Open High Low XOFUSD Price Change
0.00184898 0.00184898 0.00184898 0.00184898 0.00000000
Entry Signal

MarketClub’s Trade Triangles for XOFUSD

long term down The long-term trend has been DOWN since Mar 7th, 2021 at 0.00182443

intermediate term up The intermediate-term trend has been UP since Apr 18th, 2021 at 0.00180994

short term up The short-term trend has been UP since Apr 6th, 2021 at 0.00179486

Smart Scan Analysis for XOFUSD

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

-60
Smart Scan Analysis for XOFUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00184898 0.00184898 0.00184898 0.00184898 0.00000000
Prev. Close Volume Bid Ask Time
0.00184898 2021-05-12 07:25:08
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