Forex Trend Analysis Report
Prepared for you on Friday, September 20, 2019.
South African Rand/CFA Franc BCEAO (FOREX:ZARXOF)
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 ZARXOF
The long term trend has been DOWN since Aug 9th, 2019 at 38.4035
The intermediate term trend has been UP since Sep 2nd, 2019 at 39.3875
The short term trend has been DOWN since Sep 16th, 2019 at 40.3295
Smart Scan Analysis for ZARXOF
Based on a pre-defined weighted trend formula for chart analysis, ZARXOF scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).