Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, May 9, 2025.
Chinese Yuan Renminbi/CFA Franc BCEAO (FOREX:CNYXOF)
Sidelines Mode (+50) - CNYXOF is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until CNYXOF can gain momentum.
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 6th, 2025 at 85.59948
The intermediate-term trend has been UP since May 7th, 2025 at 79.80708
The short-term trend has been UP since Apr 24th, 2025 at 79.30611
Smart Scan Analysis for CNYXOF
Based on our trend formula, CNYXOF is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 79.96676 | 79.96676 | 79.96676 | 79.96676 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 80.34607 | 2025-05-07 07:25:21 |