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Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2025.
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, XOFCNY 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 4th, 2024 at 0.01186300
The intermediate-term trend has been DOWN since Dec 17th, 2024 at 0.01165106
The short-term trend has been DOWN since Dec 17th, 2024 at 0.01165529
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 |
|---|---|---|---|---|
| 0.01150692 | 0.01150692 | 0.01150692 | 0.01150692 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.01150692 | 2025-01-19 11:30:04 |