Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Sunday, June 16, 2024.

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
86.03652 86.03652 84.42102 84.42102 -1.61550
Entry Signal

MarketClub’s Trade Triangles for CNYXOF

long term down The long-term trend has been DOWN since May 21st, 2024 at 85.18037

intermediate term up The intermediate-term trend has been UP since Jun 9th, 2024 at 85.31775

short term up The short-term trend has been UP since Jun 15th, 2024 at 85.76007

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
86.03652 86.03652 84.42102 84.42102 -1.61550
Prev. Close Volume Bid Ask Time
86.03652 2024-06-15 17:06:47
Get a free daily analysis and signals for Chinese Yuan Renminbi/CFA Franc BCEAO (CNYXOF) - Request Your Free Report.