Forex Trend Analysis Report
Prepared for you on Thursday, July 19, 2018.
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.
MarketClub’s Trade Triangles for USDXOF
The long term trend has been UP since May 1st, 2018 at 543.50
The intermediate term trend has been DOWN since Jul 8th, 2018 at 560.95
The short term trend has been UP since Jul 9th, 2018 at 563.63
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).