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Forex Trend Analysis Report

Prepared for you on Wednesday, September 18, 2019.

CFA Franc BCEAO/South African Rand (FOREX:XOFZAR)

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_XOFZAR
Open High Low XOFZAR Price Change
0.024808 0.024813 0.024632 0.024663 -0.000145
Entry Signal

MarketClub’s Trade Triangles for XOFZAR

long term up The long term trend has been UP since Aug 9th, 2019 at 0.026040

intermediate term down The intermediate term trend has been DOWN since Sep 2nd, 2019 at 0.025390

short term up The short term trend has been UP since Sep 16th, 2019 at 0.024796

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).

-55
Smart Scan Analysis for XOFZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.024808 0.024813 0.024632 0.024663 -0.000145
Prev. Close Volume Bid Ask Time
0.024808 0.024655 0.024671 2019-09-18 07:18:25
Want to analyze CFA Franc BCEAO/South African Rand XOFZAR or another symbol? Try our Free Forex Trend Analysis Report.