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Forex Trend Analysis Report

Prepared for you on Friday, December 4, 2020.

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

Bull Market Weakness (+75) - XOFCNY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on XOFCNY as it may be in the beginning stages of a reversal.

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
0.01205597 0.01205597 0.01205597 0.01205597 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 up The intermediate-term trend has been UP since Nov 26th, 2020 at 0.01192441

short term up The short-term trend has been UP since Nov 19th, 2020 at 0.01188081

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
0.01205597 0.01205597 0.01205597 0.01205597 0.00000000
Prev. Close Volume Bid Ask Time
0.01212793 2020-12-02 07:11:39
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