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Forex Trend Analysis Report

Prepared for you on Thursday, October 17, 2019.

US Dollar/CFA Franc BCEAO (FOREX:USDXOF)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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.

FOREX_USDXOF
Open High Low USDXOF Price Change
594.43317 594.43317 594.43317 594.43317 0.00000
Entry Signal

MarketClub’s Trade Triangles for USDXOF

long term up The long term trend has been UP since Jul 19th, 2019 at 591.00

intermediate term down The intermediate term trend has been DOWN since Oct 13th, 2019 at 595.32

short term down The short term trend has been DOWN since Oct 13th, 2019 at 597.21

Smart Scan Analysis for USDXOF

Based on a pre-defined weighted trend formula for chart analysis, USDXOF scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for USDXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
594.43317 594.43317 594.43317 594.43317 0.00000
Prev. Close Volume Bid Ask Time
594.43317 594.43317 594.43317 2019-10-13 05:22:34
Want to analyze US Dollar/CFA Franc BCEAO USDXOF or another symbol? Try our Free Forex Trend Analysis Report.