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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.

FOREX_XOFCNY
Open High Low XOFCNY Price Change
0.01050877 0.01050877 0.01050877 0.01050877 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 Aug 1st, 2022 at 0.01042690

short term up 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).

-60
Smart Scan Analysis for XOFCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01050877 0.01050877 0.01050877 0.01050877 0.00000000
Prev. Close Volume Bid Ask Time
0.01050877 2022-08-08 07:22:27
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