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Forex Trend Analysis Report

Prepared for you on Wednesday, August 15, 2018.

CFA Franc BCEAO/US Dollar (FOREX:XOFUSD)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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
0.001738 0.001738 0.001730 0.001730 -0.000008
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 Aug 2nd, 2018 at 0.001775

short term down The short term trend has been DOWN since Jul 15th, 2018 at 0.001788

Smart Scan Analysis for XOFUSD

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

-100
Smart Scan Analysis for XOFUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.001738 0.001738 0.001730 0.001730 -0.000008
Prev. Close Volume Bid Ask Time
0.001738 0.001730 0.001730 2018-08-14 21:13:15
Want to analyze CFA Franc BCEAO/US Dollar XOFUSD or another symbol? Try our Free Forex Trend Analysis Report.