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Forex Trend Analysis Report

Prepared for you on Monday, August 15, 2022.

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

Weak Downtrend (-65) - CNYXOF is showing signs of a strengthening downtrend. Monitor CNYXOF as it may be building momentum to the downside.

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
94.82162 94.82162 94.82162 94.82162 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 Aug 1st, 2022 at 95.90575

short term down The short-term trend has been DOWN since Aug 1st, 2022 at 95.90575

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
94.82162 94.82162 94.82162 94.82162 0.00000
Prev. Close Volume Bid Ask Time
94.82162 2022-08-10 07:20:30
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