Forex Trend Analysis Report
Prepared for you on Sunday, September 26, 2021.
CFA Franc BCEAO/South African Rand (FOREX:XOFZAR)
Long-Term Uptrend (+90) - XOFZAR is in a strong uptrend that is likely to continue. While XOFZAR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Jul 25th, 2021 at 0.02667840
The intermediate-term trend has been UP since Sep 20th, 2021 at 0.02653055
The short-term trend has been UP since Sep 24th, 2021 at 0.02661521
Smart Scan Analysis for XOFZAR
Based on our trend formula, XOFZAR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).