Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Chinese Yuan Renminbi/CFA Franc BCEAO (FOREX:CNYXOF)
Countertrend Down (-85) - CNYXOF 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 CNYXOF?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNYXOF.
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 CNYXOF
The long-term trend has been DOWN since May 21st, 2024 at 85.18037
The intermediate-term trend has been DOWN since Jul 4th, 2024 at 83.80399
The short-term trend has been UP since Jul 23rd, 2024 at 82.95353
Smart Scan Analysis for CNYXOF
Based on our trend formula, CNYXOF is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 83.3033 | 83.3033 | 83.3033 | 83.3033 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 83.3033 | 2024-07-26 14:00:15 |