Forex Trend Analysis Report
Prepared for you on Saturday, February 16, 2019.
CFA Franc BCEAO/ (FOREX:XOFGHS)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 XOFGHS
The long term trend has been UP since Jun 3rd, 2018 at 0.008390
The intermediate term trend has been UP since Jan 7th, 2019 at 0.008531
The short term trend has been DOWN since Feb 15th, 2019 at 0.009101
Smart Scan Analysis for XOFGHS
Based on a pre-defined weighted trend formula for chart analysis, XOFGHS scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).