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.
MarketClub’s Trade Triangles for CNYXOF
The long-term trend has been DOWN since Mar 9th, 2020 at 83.72565
The intermediate-term trend has been DOWN since May 4th, 2020 at 85.35328
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).