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.
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 DOWN since Jul 28th, 2023 at 0.01196572
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).