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.
MarketClub’s Trade Triangles for XOFUSD
The long-term trend has been DOWN since Mar 7th, 2021 at 0.00182443
The intermediate-term trend has been UP since Apr 18th, 2021 at 0.00180994
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).