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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.

FOREX_XOFCNY
Open High Low XOFCNY Price Change
0.011765 0.011765 0.011765 0.011765 0.000000
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 down The intermediate term trend has been DOWN since Jul 1st, 2019 at 0.011815

short term up 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).

-55
Smart Scan Analysis for XOFCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.011765 0.011765 0.011765 0.011765 0.000000
Prev. Close Volume Bid Ask Time
0.011765 0.011765 0.011765 2019-07-17 20:59:58
Want to analyze CFA Franc BCEAO/Chinese Yuan Renminbi XOFCNY or another symbol? Try our Free Forex Trend Analysis Report.