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Forex Trend Analysis Report

Prepared for you on Friday, February 26, 2021.

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

Crossroads (-60) - CNYXOF is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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.

FOREX_CNYXOF
Open High Low CNYXOF Price Change
83.58909 83.58909 83.58909 83.58909 0.00000
Entry Signal

MarketClub’s Trade Triangles for CNYXOF

long term up The long-term trend has been UP since Oct 14th, 2020 at 82.96007

intermediate term down The intermediate-term trend has been DOWN since Feb 23rd, 2021 at 83.64771

short term down The short-term trend has been DOWN since Feb 23rd, 2021 at 83.64771

Smart Scan Analysis for CNYXOF

Based on our trend formula, CNYXOF is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for CNYXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
83.58909 83.58909 83.58909 83.58909 0.00000
Prev. Close Volume Bid Ask Time
83.58909 2021-02-24 07:23:16
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