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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.

FOREX_XOFZAR
Open High Low XOFZAR Price Change
0.02486011 0.02487755 0.02470266 0.02478917 -0.00007100
Entry Signal

MarketClub’s Trade Triangles for XOFZAR

long term up The long term trend has been UP since Aug 9th, 2019 at 0.02604000

intermediate term up The intermediate term trend has been UP since Oct 31st, 2019 at 0.02563400

short term down 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).

+55
Smart Scan Analysis for XOFZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02486011 0.02487755 0.02470266 0.02478917 -0.00007100
Prev. Close Volume Bid Ask Time
0.02479294 0.02476672 0.02481163 2019-11-15 16:59:45
Want to analyze CFA Franc BCEAO/South African Rand XOFZAR or another symbol? Try our Free Forex Trend Analysis Report.