Forex Trend Analysis Report
Prepared for you on Friday, December 14, 2018.
CFA Franc BCEAO/South African Rand (FOREX:XOFZAR)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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.
MarketClub’s Trade Triangles for XOFZAR
The long term trend has been DOWN since Dec 3rd, 2018 at 0.023613
The intermediate term trend has been UP since Dec 10th, 2018 at 0.024716
The short term trend has been DOWN since Dec 12th, 2018 at 0.024571
Smart Scan Analysis for XOFZAR
Based on a pre-defined weighted trend formula for chart analysis, XOFZAR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).