Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Wednesday, October 24, 2018.

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

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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
0.024924 0.024931 0.024900 0.024904 -0.000020
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 down The intermediate term trend has been DOWN since Sep 24th, 2018 at 0.025496

short term down The short term trend has been DOWN since Oct 23rd, 2018 at 0.024949

Smart Scan Analysis for XOFZAR

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

-70
Smart Scan Analysis for XOFZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.024924 0.024931 0.024900 0.024904 -0.000020
Prev. Close Volume Bid Ask Time
0.024924 0.024893 0.024916 2018-10-24 01:04:37
Want to analyze CFA Franc BCEAO/South African Rand XOFZAR or another symbol? Try our Free Forex Trend Analysis Report.