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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.

FOREX_XOFZAR
Open High Low XOFZAR Price Change
0.024654 0.024873 0.024633 0.024808 +0.000154
Entry Signal

MarketClub’s Trade Triangles for XOFZAR

long term down The long term trend has been DOWN since Dec 3rd, 2018 at 0.023613

intermediate term up The intermediate term trend has been UP since Dec 10th, 2018 at 0.024716

short term down 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).

+55
Smart Scan Analysis for XOFZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.024654 0.024873 0.024633 0.024808 +0.000154
Prev. Close Volume Bid Ask Time
0.024654 0.024800 0.024816 2018-12-14 14:27:49
Want to analyze CFA Franc BCEAO/South African Rand XOFZAR or another symbol? Try our Free Forex Trend Analysis Report.