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Forex Trend Analysis Report

Prepared for you on Wednesday, October 17, 2018.

CFA Franc BCEAO/US Dollar (FOREX:XOFUSD)

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.

FOREX_XOFUSD
Open High Low XOFUSD Price Change
0.001754 0.001754 0.001754 0.001754 0.000000
Entry Signal

MarketClub’s Trade Triangles for XOFUSD

long term down The long term trend has been DOWN since May 1st, 2018 at 0.001860

intermediate term down The intermediate term trend has been DOWN since Oct 2nd, 2018 at 0.001762

short term down The short term trend has been DOWN since Sep 27th, 2018 at 0.001791

Smart Scan Analysis for XOFUSD

Based on a pre-defined weighted trend formula for chart analysis, XOFUSD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for XOFUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.001754 0.001754 0.001754 0.001754 0.000000
Prev. Close Volume Bid Ask Time
0.001754 0.001754 0.001754 2018-10-09 21:28:16
Want to analyze CFA Franc BCEAO/US Dollar XOFUSD or another symbol? Try our Free Forex Trend Analysis Report.