Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Friday, April 26, 2019.

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

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.

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
40.9385 41.0335 40.7775 40.8565 -0.0820
Entry Signal

MarketClub’s Trade Triangles for ZARXOF

long term up The long term trend has been UP since Dec 3rd, 2018 at 42.3445

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

short term down The short term trend has been DOWN since Apr 15th, 2019 at 41.2575

Smart Scan Analysis for ZARXOF

Based on a pre-defined weighted trend formula for chart analysis, ZARXOF scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for ZARXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
40.9385 41.0335 40.7775 40.8565 -0.0820
Prev. Close Volume Bid Ask Time
40.9385 40.8430 40.8700 2019-04-26 08:18:52
Want to analyze South African Rand/CFA Franc BCEAO ZARXOF or another symbol? Try our Free Forex Trend Analysis Report.