Forex Trend Analysis Report
Prepared for you on Thursday, July 18, 2019.
CFA Franc BCEAO/Chinese Yuan Renminbi (FOREX:XOFCNY)
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 XOFCNY
The long term trend has been UP since May 13th, 2019 at 0.011778
The intermediate term trend has been DOWN since Jul 1st, 2019 at 0.011815
The short term trend has been UP since Jul 14th, 2019 at 0.011810
Smart Scan Analysis for XOFCNY
Based on a pre-defined weighted trend formula for chart analysis, XOFCNY scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).