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Forex Trend Analysis Report

Prepared for you on Thursday, January 17, 2019.

US Dollar/CFA Franc BCEAO (FOREX:USDXOF)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_USDXOF
Open High Low USDXOF Price Change
581 581 581 581 0
Entry Signal

MarketClub’s Trade Triangles for USDXOF

long term up The long term trend has been UP since May 1st, 2018 at 543.50

intermediate term down The intermediate term trend has been DOWN since Dec 20th, 2018 at 574.98

short term up The short term trend has been UP since Jan 16th, 2019 at 572.24

Smart Scan Analysis for USDXOF

Based on a pre-defined weighted trend formula for chart analysis, USDXOF scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+75
Smart Scan Analysis for USDXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
581 581 581 581 0
Prev. Close Volume Bid Ask Time
581 577 585 2019-01-16 13:09:39
Want to analyze US Dollar/CFA Franc BCEAO USDXOF or another symbol? Try our Free Forex Trend Analysis Report.