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Forex Trend Analysis Report

Prepared for you on Monday, May 27, 2024.

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, CNYXOF 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
85.20803 85.20803 85.20803 85.20803 0.00000
Entry Signal

MarketClub’s Trade Triangles for CNYXOF

long term down The long-term trend has been DOWN since May 21st, 2024 at 85.18037

intermediate term down The intermediate-term trend has been DOWN since May 7th, 2024 at 86.18879

short term down The short-term trend has been DOWN since May 7th, 2024 at 86.24772

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
85.20803 85.20803 85.20803 85.20803 0.00000
Prev. Close Volume Bid Ask Time
85.20803 2024-05-27 07:25:50
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