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Forex Trend Analysis Report

Prepared for you on Friday, August 17, 2018.

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

Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend 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_XOFZAR
Open High Low XOFZAR Price Change
0.025434 0.026031 0.025389 0.025576 +0.000142
Entry Signal

MarketClub’s Trade Triangles for XOFZAR

long term up The long term trend has been UP since Apr 25th, 2018 at 0.023120

intermediate term up The intermediate term trend has been UP since Aug 10th, 2018 at 0.024206

short term up The short term trend has been UP since Aug 1st, 2018 at 0.023669

Smart Scan Analysis for XOFZAR

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

+90
Smart Scan Analysis for XOFZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.025434 0.026031 0.025389 0.025576 +0.000142
Prev. Close Volume Bid Ask Time
0.025434 0.025569 0.025584 2018-08-17 17:09:56
Want to analyze CFA Franc BCEAO/South African Rand XOFZAR or another symbol? Try our Free Forex Trend Analysis Report.