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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.

FOREX_XOFCNY
Open High Low XOFCNY Price Change
0.01180337 0.01180337 0.01180337 0.01180337 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 Mar 7th, 2021 at 0.01186846

short term down 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).

-100
Smart Scan Analysis for XOFCNY
Strong Downtrend Sideways 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
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