Forex Trend Analysis Report
Prepared for you on Wednesday, July 17, 2019.
/CFA Franc BCEAO (FOREX:GHSXOF)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management 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 GHSXOF
The long term trend has been DOWN since Jun 3rd, 2018 at 119.17
The intermediate term trend has been UP since Jul 12th, 2019 at 108.39
The short term trend has been UP since Jul 2nd, 2019 at 107.25
Smart Scan Analysis for GHSXOF
Based on a pre-defined weighted trend formula for chart analysis, GHSXOF scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).