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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.

FOREX_XOFZAR
Open High Low XOFZAR Price Change
0.02458083 0.02468509 0.02448549 0.02452899 -0.00005200
Entry Signal

MarketClub’s Trade Triangles for XOFZAR

long term down The long term trend has been DOWN since Dec 18th, 2019 at 0.02427800

intermediate term up The intermediate term trend has been UP since Jan 14th, 2020 at 0.02458517

short term up 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).

+60
Smart Scan Analysis for XOFZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02458083 0.02468509 0.02448549 0.02452899 -0.00005200
Prev. Close Volume Bid Ask Time
0.02458083 0.02452101 0.02453696 2020-01-21 09:09:19
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