Forex Trend Analysis Report
Prepared for you on Saturday, November 16, 2019.
CFA Franc BCEAO/South African Rand (FOREX:XOFZAR)
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 XOFZAR
The long term trend has been UP since Aug 9th, 2019 at 0.02604000
The intermediate term trend has been UP since Oct 31st, 2019 at 0.02563400
The short term trend has been DOWN since Nov 14th, 2019 at 0.02486443
Smart Scan Analysis for XOFZAR
Based on a pre-defined weighted trend formula for chart analysis, XOFZAR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).