Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
CFA Franc BCEAO/South African Rand (FOREX:XOFZAR)
Bull Market Weakness (+75) - XOFZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on XOFZAR as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid XOFZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for XOFZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for XOFZAR
The long-term trend has been DOWN since Apr 8th, 2024 at 0.03068853
The intermediate-term trend has been UP since Dec 23rd, 2024 at 0.02920100
The short-term trend has been UP since Dec 17th, 2024 at 0.02871377
Smart Scan Analysis for XOFZAR
Based on our trend formula, XOFZAR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.02973107 | 0.02974320 | 0.02944320 | 0.02952606 | -0.00020500 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.02973107 | 2024-12-26 07:20:08 |