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.
MarketClub’s Trade Triangles for CNYXOF
The long-term trend has been UP since Oct 14th, 2020 at 82.96007
The intermediate-term trend has been DOWN since Feb 23rd, 2021 at 83.64771
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).