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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.

FOREX_ZARXOF
Open High Low ZARXOF Price Change
40.1675 40.2750 40.0100 40.0730 -0.0945
Entry Signal

MarketClub’s Trade Triangles for ZARXOF

long term down The long term trend has been DOWN since Aug 9th, 2019 at 38.4035

intermediate term up The intermediate term trend has been UP since Sep 2nd, 2019 at 39.3875

short term down 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).

-55
Smart Scan Analysis for ZARXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
40.1675 40.2750 40.0100 40.0730 -0.0945
Prev. Close Volume Bid Ask Time
40.1675 40.0600 40.0860 2019-09-20 05:39:37
Want to analyze South African Rand/CFA Franc BCEAO ZARXOF or another symbol? Try our Free Forex Trend Analysis Report.