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Forex Trend Analysis Report

Prepared for you on Saturday, October 19, 2019.

CFA Franc BCEAO/Chinese Yuan Renminbi (FOREX:XOFCNY)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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_XOFCNY
Open High Low XOFCNY Price Change
0.01200277 0.01200277 0.01200277 0.01200277 0.00000000
Entry Signal

MarketClub’s Trade Triangles for XOFCNY

long term up The long term trend has been UP since May 13th, 2019 at 0.011778

intermediate term up The intermediate term trend has been UP since Oct 17th, 2019 at 0.011937

short term up The short term trend has been UP since Oct 17th, 2019 at 0.011925

Smart Scan Analysis for XOFCNY

Based on a pre-defined weighted trend formula for chart analysis, XOFCNY scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+80
Smart Scan Analysis for XOFCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01200277 0.01200277 0.01200277 0.01200277 0.00000000
Prev. Close Volume Bid Ask Time
0.01200277 0.01200277 0.01200277 2019-10-17 20:06:23
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