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Forex Trend Analysis Report

Prepared for you on Wednesday, September 27, 2023.

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
85.65756 85.65756 85.65756 85.65756 0.00000
Entry Signal

MarketClub’s Trade Triangles for CNYXOF

long term down The long-term trend has been DOWN since Oct 5th, 2022 at 93.73760

intermediate term up The intermediate-term trend has been UP since Jul 28th, 2023 at 83.57205

short term up The short-term trend has been UP since Aug 25th, 2023 at 83.86481

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
85.65756 85.65756 85.65756 85.65756 0.00000
Prev. Close Volume Bid Ask Time
85.65756 2023-09-23 13:03:35
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