Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Sunday, October 24, 2021.

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

Long-Term Downtrend (-90) - XOFCNY is in a strong downtrend that is likely to continue. While XOFCNY is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
0.01133885 0.01133885 0.01133885 0.01133885 0.00000000
Entry Signal

MarketClub’s Trade Triangles for XOFCNY

long term down The long-term trend has been DOWN since Oct 14th, 2020 at 0.01205399

intermediate term down The intermediate-term trend has been DOWN since Sep 16th, 2021 at 0.01159344

short term down The short-term trend has been DOWN since Sep 9th, 2021 at 0.01165183

Smart Scan Analysis for XOFCNY

Based on our trend formula, XOFCNY is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for XOFCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01133885 0.01133885 0.01133885 0.01133885 0.00000000
Prev. Close Volume Bid Ask Time
0.01133885 2021-10-23 17:27:52
Get a free daily analysis and signals for CFA Franc BCEAO/Chinese Yuan Renminbi (XOFCNY) - Request Your Free Report.