Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Wednesday, November 22, 2017.

CFA Franc BCEAO/South African Rand (FOREX:XOFZAR)

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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_XOFZAR
Open High Low XOFZAR Price Change
0.025030 0.025055 0.025025 0.025050 +0.000020
Entry Signal

MarketClub’s Trade Triangles for XOFZAR

long term up The long term trend has been UP since Apr 3rd, 2017 at 0.022325

intermediate term up The intermediate term trend has been UP since Oct 25th, 2017 at 0.024790

short term down The short term trend has been DOWN since Nov 16th, 2017 at 0.025475

Smart Scan Analysis for XOFZAR

Based on a pre-defined weighted trend formula for chart analysis, XOFZAR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+65
Smart Scan Analysis for XOFZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.025030 0.025055 0.025025 0.025050 +0.000020
Prev. Close Volume Bid Ask Time
0.025030 0.025040 0.025060 2017-11-22 02:18:50
Want to analyze CFA Franc BCEAO/South African Rand XOFZAR or another symbol? Try our Free Forex Trend Analysis Report.