Forex Trend Analysis Report
Prepared for you on Tuesday, September 17, 2019.
US Dollar/CFA Franc BEAC (FOREX:USDXAF)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 USDXAF
The long term trend has been UP since May 1st, 2018 at 538.97
The intermediate term trend has been DOWN since Sep 13th, 2019 at 591.38
The short term trend has been UP since Sep 16th, 2019 at 593.36
Smart Scan Analysis for USDXAF
Based on a pre-defined weighted trend formula for chart analysis, USDXAF scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).