Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
CFA Franc BCEAO/South African Rand (FOREX:XOFZAR)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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.
MarketClub’s Trade Triangles for XOFZAR
The long term trend has been DOWN since Dec 18th, 2019 at 0.02427800
The intermediate term trend has been UP since Jan 14th, 2020 at 0.02458517
The short term trend has been UP since Jan 13th, 2020 at 0.02436896
Smart Scan Analysis for XOFZAR
Based on a pre-defined weighted trend formula for chart analysis, XOFZAR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).