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.
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 Aug 1st, 2022 at 95.90575
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).