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Forex Trend Analysis Report

Prepared for you on Tuesday, October 15, 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.

FOREX_CNYXOF
Open High Low CNYXOF Price Change
84.35567 85.11567 84.35567 85.11567 +0.76000
Entry Signal

MarketClub’s Trade Triangles for CNYXOF

long term up The long-term trend has been UP since Oct 4th, 2024 at 84.29573

intermediate term up The intermediate-term trend has been UP since Sep 15th, 2024 at 82.35994

short term up 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).

+70
Smart Scan Analysis for CNYXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
84.35567 85.11567 84.35567 85.11567 +0.76000
Prev. Close Volume Bid Ask Time
84.58298 2024-10-04 18:15:50
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