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Forex Trend Analysis Report

Prepared for you on Tuesday, July 16, 2019.

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

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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
0.023866 0.023873 0.023702 0.023862 -0.000004
Entry Signal

MarketClub’s Trade Triangles for XOFZAR

long term down The long term trend has been DOWN since Jul 11th, 2019 at 0.023865

intermediate term down The intermediate term trend has been DOWN since Jun 19th, 2019 at 0.024577

short term down The short term trend has been DOWN since Jun 26th, 2019 at 0.024709

Smart Scan Analysis for XOFZAR

Based on a pre-defined weighted trend formula for chart analysis, XOFZAR scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for XOFZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.023866 0.023873 0.023702 0.023862 -0.000004
Prev. Close Volume Bid Ask Time
0.023866 0.023854 0.023870 2019-07-16 22:22:42
Want to analyze CFA Franc BCEAO/South African Rand XOFZAR or another symbol? Try our Free Forex Trend Analysis Report.