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Forex Trend Analysis Report

Prepared for you on Friday, April 19, 2024.

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

Weak Downtrend (-65) - XOFZAR is showing signs of a strengthening downtrend. Monitor XOFZAR as it may be building momentum to the downside.

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
0.03126768 0.03127492 0.03109590 0.03113665 -0.00013100
Entry Signal

MarketClub’s Trade Triangles for XOFZAR

long term down The long-term trend has been DOWN since Apr 8th, 2024 at 0.03068853

intermediate term down The intermediate-term trend has been DOWN since Apr 1st, 2024 at 0.03091527

short term up The short-term trend has been UP since Apr 15th, 2024 at 0.03084770

Smart Scan Analysis for XOFZAR

Based on our trend formula, XOFZAR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for XOFZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.03126768 0.03127492 0.03109590 0.03113665 -0.00013100
Prev. Close Volume Bid Ask Time
0.03126768 2024-04-19 10:03:10
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