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Forex Trend Analysis Report

Prepared for you on Tuesday, June 18, 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.

FOREX_ZARXOF
Open High Low ZARXOF Price Change
39.4425 40.4505 39.4185 40.3670 +0.9245
Entry Signal

MarketClub’s Trade Triangles for ZARXOF

long term down The long term trend has been DOWN since May 29th, 2019 at 39.6235

intermediate term down The intermediate term trend has been DOWN since Apr 25th, 2019 at 40.5880

short term up The short term trend has been UP since Jun 11th, 2019 at 39.2415

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).

-55
Smart Scan Analysis for ZARXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
39.4425 40.4505 39.4185 40.3670 +0.9245
Prev. Close Volume Bid Ask Time
39.4425 40.3540 40.3800 2019-06-18 16:45:13
Want to analyze South African Rand/CFA Franc BCEAO ZARXOF or another symbol? Try our Free Forex Trend Analysis Report.