Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Tuesday, April 30, 2024.
CFA Franc BCEAO/Chinese Yuan Renminbi (FOREX:XOFCNY)
Countertrend Down (-85) - XOFCNY is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid XOFCNY?
MarketClub looks at technical strength and momentum to determine if the timing is right for XOFCNY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for XOFCNY
The long-term trend has been DOWN since Apr 14th, 2024 at 0.01162622
The intermediate-term trend has been DOWN since Apr 14th, 2024 at 0.01162622
The short-term trend has been UP since Apr 24th, 2024 at 0.01153536
Smart Scan Analysis for XOFCNY
Based on our trend formula, XOFCNY is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.01157866 | 0.01157866 | 0.01157866 | 0.01157866 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.01157866 | 2024-04-29 21:06:32 |