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Forex Trend Analysis Report

Prepared for you on Monday, December 4, 2023.

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

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

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.

FOREX_XOFCNY
Open High Low XOFCNY Price Change
0.01167439 0.01167439 0.01167439 0.01167439 0.00000000
Entry Signal

MarketClub’s Trade Triangles for XOFCNY

long term up The long-term trend has been UP since Oct 5th, 2022 at 0.01066808

intermediate term down The intermediate-term trend has been DOWN since Jul 28th, 2023 at 0.01196572

short term down The short-term trend has been DOWN since Aug 25th, 2023 at 0.01192395

Smart Scan Analysis for XOFCNY

Based on our trend formula, XOFCNY is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for XOFCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01167439 0.01167439 0.01167439 0.01167439 0.00000000
Prev. Close Volume Bid Ask Time
0.01167439 2023-12-02 06:46:36
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