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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

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

Strong Downtrend (-100) - CNYXOF 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 CNYXOF?

MarketClub looks at technical strength and momentum to determine if the timing is right for CNYXOF.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CNYXOF
Open High Low CNYXOF Price Change
82.67671 82.67671 82.67671 82.67671 0.00000
Entry Signal

MarketClub’s Trade Triangles for CNYXOF

long term down The long-term trend has been DOWN since Mar 9th, 2020 at 83.72565

intermediate term down The intermediate-term trend has been DOWN since May 4th, 2020 at 85.35328

short term down The short-term trend has been DOWN since May 4th, 2020 at 85.35328

Smart Scan Analysis for CNYXOF

Based on our trend formula, CNYXOF is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for CNYXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
82.67671 82.67671 82.67671 82.67671 0.00000
Prev. Close Volume Bid Ask Time
82.67671 82.67671 82.67671 2020-06-02 07:18:16
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