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Forex Trend Analysis Report

Prepared for you on Tuesday, January 21, 2020.

South African Rand/CFA Franc BCEAO (FOREX:ZARXOF)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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_ZARXOF
Open High Low ZARXOF Price Change
40.682107 40.838837 40.510294 40.793718 +0.111611
Entry Signal

MarketClub’s Trade Triangles for ZARXOF

long term up The long term trend has been UP since Dec 18th, 2019 at 41.190000

intermediate term down The intermediate term trend has been DOWN since Jan 14th, 2020 at 40.673644

short term down The short term trend has been DOWN since Jan 13th, 2020 at 41.034595

Smart Scan Analysis for ZARXOF

Based on a pre-defined weighted trend formula for chart analysis, ZARXOF scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for ZARXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
40.682107 40.838837 40.510294 40.793718 +0.111611
Prev. Close Volume Bid Ask Time
40.682107 40.780462 40.806973 2020-01-21 09:21:25
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