Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
/CFA Franc BCEAO (FOREX:GHSXOF)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 Oct 31st, 2019 at 106.83000
The intermediate term trend has been DOWN since Nov 19th, 2019 at 106.72388
The short term trend has been UP since Jan 8th, 2020 at 103.12492
Smart Scan Analysis for GHSXOF
Based on a pre-defined weighted trend formula for chart analysis, GHSXOF scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).