Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Saturday, March 25, 2023.
CFA Franc BCEAO/Chinese Yuan Renminbi (FOREX:XOFCNY)
Countertrend Up (+85) - XOFCNY is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid XOFCNY?
MarketClub looks at technical strength and momentum to determine if the timing is right for XOFCNY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for XOFCNY
The long-term trend has been UP since Oct 5th, 2022 at 0.01066808
The intermediate-term trend has been UP since Jan 26th, 2023 at 0.01123824
The short-term trend has been UP since Mar 24th, 2023 at 0.01121707
Smart Scan Analysis for XOFCNY
Based on our trend formula, XOFCNY is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.01125457 | 0.01125457 | 0.01125457 | 0.01125457 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.01125457 | 2023-03-24 08:27:40 |