Analyze Symbol

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.

FOREX_CNYXOF
Open High Low CNYXOF Price Change
86.595 86.595 86.595 86.595 0.000
Entry Signal

MarketClub’s Trade Triangles for CNYXOF

long term up The long term trend has been UP since Dec 4th, 2018 at 83.938

intermediate term up The intermediate term trend has been UP since Jan 2nd, 2019 at 84.003

short term up 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).

+70
Smart Scan Analysis for CNYXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
86.595 86.595 86.595 86.595 0.000
Prev. Close Volume Bid Ask Time
86.246 86.595 86.595 2019-03-12 22:09:26
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