Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, January 27, 2022.

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

Countertrend Up (+85) - CNYXOF is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
92.30121 92.30121 92.30121 92.30121 0.00000
Entry Signal

MarketClub’s Trade Triangles for CNYXOF

long term up The long-term trend has been UP since Oct 14th, 2020 at 82.96007

intermediate term up The intermediate-term trend has been UP since Jan 20th, 2022 at 91.14438

short term up The short-term trend has been UP since Jan 20th, 2022 at 90.58553

Smart Scan Analysis for CNYXOF

Based on our trend formula, CNYXOF is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for CNYXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
92.30121 92.30121 92.30121 92.30121 0.00000
Prev. Close Volume Bid Ask Time
92.30121 2022-01-27 07:08:14
Get a free daily analysis and signals for Chinese Yuan Renminbi/CFA Franc BCEAO (CNYXOF) - Request Your Free Report.