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Forex Trend Analysis Report

Prepared for you on Friday, May 24, 2019.

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

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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_XOFZAR
Open High Low XOFZAR Price Change
0.024705 0.024726 0.024571 0.024603 -0.000102
Entry Signal

MarketClub’s Trade Triangles for XOFZAR

long term down The long term trend has been DOWN since Dec 3rd, 2018 at 0.023613

intermediate term up The intermediate term trend has been UP since Apr 25th, 2019 at 0.024638

short term up The short term trend has been UP since May 17th, 2019 at 0.024546

Smart Scan Analysis for XOFZAR

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

+60
Smart Scan Analysis for XOFZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.024705 0.024726 0.024571 0.024603 -0.000102
Prev. Close Volume Bid Ask Time
0.024705 0.024595 0.024611 2019-05-24 09:20:21
Want to analyze CFA Franc BCEAO/South African Rand XOFZAR or another symbol? Try our Free Forex Trend Analysis Report.