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.
MarketClub’s Trade Triangles for XOFZAR
The long term trend has been UP since Aug 9th, 2019 at 0.026040
The intermediate term trend has been DOWN since Sep 2nd, 2019 at 0.025390
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).