Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, August 15, 2022.

CFA Franc BCEAO/South African Rand (FOREX:XOFZAR)

Crossroads (-60) - XOFZAR 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 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.

FOREX_XOFZAR
Open High Low XOFZAR Price Change
0.02537659 0.02548307 0.02534681 0.02546297 +0.00008600
Entry Signal

MarketClub’s Trade Triangles for XOFZAR

long term up The long-term trend has been UP since Jul 1st, 2022 at 0.02617664

intermediate term down The intermediate-term trend has been DOWN since Jul 28th, 2022 at 0.02570932

short term down The short-term trend has been DOWN since Aug 8th, 2022 at 0.02582088

Smart Scan Analysis for XOFZAR

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

-60
Smart Scan Analysis for XOFZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02537659 0.02548307 0.02534681 0.02546297 +0.00008600
Prev. Close Volume Bid Ask Time
0.02537659 2022-08-15 05:19:00
Get a free daily analysis and signals for CFA Franc BCEAO/South African Rand (XOFZAR) - Request Your Free Report.