Forex Trend Analysis Report
Prepared for you on Tuesday, October 22, 2019.
CFA Franc BEAC/US Dollar (FOREX:XAFUSD)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 XAFUSD
The long term trend has been DOWN since May 1st, 2018 at 0.001860
The intermediate term trend has been UP since Oct 17th, 2019 at 0.001680
The short term trend has been UP since Oct 17th, 2019 at 0.001674
Smart Scan Analysis for XAFUSD
Based on a pre-defined weighted trend formula for chart analysis, XAFUSD scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).