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Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 2024.
Chinese Yuan Renminbi/CFA Franc BCEAO (FOREX:CNYXOF)
Bull Market Weakness (+75) - CNYXOF is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNYXOF as it may be in the beginning stages of a reversal.
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 UP since Oct 4th, 2024 at 84.29573
The intermediate-term trend has been UP since Sep 15th, 2024 at 82.35994
The short-term trend has been UP since Sep 15th, 2024 at 82.94446
Smart Scan Analysis for CNYXOF
Based on our trend formula, CNYXOF is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 85.85431 | 85.85431 | 85.85431 | 85.85431 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 85.85431 | 2024-11-20 19:11:55 |