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Forex Trend Analysis Report

Prepared for you on Friday, January 18, 2019.

CFA Franc BCEAO/US Dollar (FOREX:XOFUSD)

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_XOFUSD
Open High Low XOFUSD Price Change
0.00175 0.00175 0.00175 0.00175 0.00000
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 up The intermediate term trend has been UP since Dec 20th, 2018 at 0.001739

short term up The short term trend has been UP since Jan 7th, 2019 at 0.001747

Smart Scan Analysis for XOFUSD

Based on a pre-defined weighted trend formula for chart analysis, XOFUSD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for XOFUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00175 0.00175 0.00175 0.00175 0.00000
Prev. Close Volume Bid Ask Time
0.00175 0.00175 0.00175 2019-01-14 20:59:10
Want to analyze CFA Franc BCEAO/US Dollar XOFUSD or another symbol? Try our Free Forex Trend Analysis Report.