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Forex Trend Analysis Report

Prepared for you on Friday, March 22, 2019.

CFA Franc BCEAO/US Dollar (FOREX:XOFUSD)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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_XOFUSD
Open High Low XOFUSD Price Change
0.001734 0.001734 0.001734 0.001734 0.000000
Entry Signal

MarketClub’s Trade Triangles for XOFUSD

long term down The long term trend has been DOWN since May 1st, 2018 at 0.001860

intermediate term up The intermediate term trend has been UP since Mar 21st, 2019 at 0.001733

short term up The short term trend has been UP since Mar 21st, 2019 at 0.001727

Smart Scan Analysis for XOFUSD

Based on a pre-defined weighted trend formula for chart analysis, XOFUSD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for XOFUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.001734 0.001734 0.001734 0.001734 0.000000
Prev. Close Volume Bid Ask Time
0.001734 0.001734 0.001734 2019-03-21 22:06:26
Want to analyze CFA Franc BCEAO/US Dollar XOFUSD or another symbol? Try our Free Forex Trend Analysis Report.