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Forex Trend Analysis Report

Prepared for you on Wednesday, January 29, 2020.

CFA Franc BCEAO/Chinese Yuan Renminbi (FOREX:XOFCNY)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend 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_XOFCNY
Open High Low XOFCNY Price Change
0.01165031 0.01165031 0.01165031 0.01165031 0.00000000
Entry Signal

MarketClub’s Trade Triangles for XOFCNY

long term down The long term trend has been DOWN since Jan 9th, 2020 at 0.01175275

intermediate term down The intermediate term trend has been DOWN since Jan 3rd, 2020 at 0.01182898

short term down The short term trend has been DOWN since Jan 24th, 2020 at 0.01167821

Smart Scan Analysis for XOFCNY

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

-100
Smart Scan Analysis for XOFCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01165031 0.01165031 0.01165031 0.01165031 0.00000000
Prev. Close Volume Bid Ask Time
0.01165031 0.01165031 0.01165031 2020-01-28 21:00:52
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