Forex Trend Analysis Report
Prepared for you on Tuesday, August 9, 2022.
CFA Franc BCEAO/Chinese Yuan Renminbi (FOREX:XOFCNY)
Crossroads (-60) - XOFCNY 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 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.
MarketClub’s Trade Triangles for XOFCNY
The long-term trend has been DOWN since Oct 14th, 2020 at 0.01205399
The intermediate-term trend has been UP since Aug 1st, 2022 at 0.01042690
The short-term trend has been UP since Aug 1st, 2022 at 0.01042690
Smart Scan Analysis for XOFCNY
Based on our trend formula, XOFCNY is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).