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Forex Trend Analysis Report
Prepared for you on Tuesday, March 9, 2021.
CFA Franc BCEAO/Chinese Yuan Renminbi (FOREX:XOFCNY)
Strong Downtrend (-100) - XOFCNY is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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.
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MarketClub’s Trade Triangles for XOFCNY
The long-term trend has been DOWN since Oct 14th, 2020 at 0.01205399
The intermediate-term trend has been DOWN since Mar 7th, 2021 at 0.01186846
The short-term trend has been DOWN since Mar 3rd, 2021 at 0.01191862
Smart Scan Analysis for XOFCNY
Based on our trend formula, XOFCNY is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.01180337 | 0.01180337 | 0.01180337 | 0.01180337 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.01180337 | 2021-03-08 07:19:11 |