Forex Trend Analysis Report
Prepared for you on Wednesday, March 20, 2019.
Chinese Renminbi Yuan/CFA Franc BCEAO (FOREX:CNYXOF)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for CNYXOF
The long term trend has been UP since Dec 4th, 2018 at 83.938
The intermediate term trend has been UP since Jan 2nd, 2019 at 84.003
The short term trend has been UP since Mar 5th, 2019 at 86.316
Smart Scan Analysis for CNYXOF
Based on a pre-defined weighted trend formula for chart analysis, CNYXOF scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).