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Forex Trend Analysis Report

Prepared for you on Thursday, April 9, 2020.

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.

FOREX_XOFCNY
Open High Low XOFCNY Price Change
0.01170656 0.01170656 0.01170656 0.01170656 0.00000000
Entry Signal

MarketClub’s Trade Triangles for XOFCNY

long term up The long-term trend has been UP since Mar 9th, 2020 at 0.01194377

intermediate term down The intermediate-term trend has been DOWN since Apr 5th, 2020 at 0.01175794

short term down The short-term trend has been DOWN since Apr 5th, 2020 at 0.01175794

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).

-60
Smart Scan Analysis for XOFCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01170656 0.01170656 0.01170656 0.01170656 0.00000000
Prev. Close Volume Bid Ask Time
0.01170656 0.01170656 0.01170656 2020-04-08 07:14:52
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