Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Saturday, January 19, 2019.

Chinese Renminbi Yuan/CFA Franc BCEAO (FOREX:CNYXOF)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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_CNYXOF
Open High Low CNYXOF Price Change
84.447 84.447 84.447 84.447 0.000
Entry Signal

MarketClub’s Trade Triangles for CNYXOF

long term up The long term trend has been UP since Dec 4th, 2018 at 83.938

intermediate term up The intermediate term trend has been UP since Jan 2nd, 2019 at 84.003

short term up The short term trend has been UP since Jan 10th, 2019 at 83.807

Smart Scan Analysis for CNYXOF

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

+70
Smart Scan Analysis for CNYXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
84.447 84.447 84.447 84.447 0.000
Prev. Close Volume Bid Ask Time
84.447 84.447 84.447 2019-01-14 20:59:10
Want to analyze Chinese Renminbi Yuan/CFA Franc BCEAO CNYXOF or another symbol? Try our Free Forex Trend Analysis Report.