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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.

FOREX_USDXAF
Open High Low USDXAF Price Change
596.08 596.08 596.08 596.08 0.00
Entry Signal

MarketClub’s Trade Triangles for USDXAF

long term up The long term trend has been UP since May 1st, 2018 at 538.97

intermediate term down The intermediate term trend has been DOWN since Sep 13th, 2019 at 591.38

short term up 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).

-55
Smart Scan Analysis for USDXAF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
596.08 596.08 596.08 596.08 0.00
Prev. Close Volume Bid Ask Time
592.35 596.08 596.08 2019-09-16 20:21:48
Want to analyze US Dollar/CFA Franc BEAC USDXAF or another symbol? Try our Free Forex Trend Analysis Report.