Forex Trend Analysis Report
Prepared for you on Tuesday, January 22, 2019.
CFA Franc BCEAO/Chinese Renminbi Yuan (FOREX:XOFCNY)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 XOFCNY
The long term trend has been DOWN since Dec 4th, 2018 at 0.011914
The intermediate term trend has been DOWN since Jan 2nd, 2019 at 0.011904
The short term trend has been DOWN since Jan 10th, 2019 at 0.011932
Smart Scan Analysis for XOFCNY
Based on a pre-defined weighted trend formula for chart analysis, XOFCNY scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).