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Forex Trend Analysis Report
Prepared for you on Friday, April 26, 2024.
Chinese Yuan Renminbi/CFA Franc BCEAO (FOREX:CNYXOF)
Sidelines Mode (+55) - CNYXOF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for CNYXOF
The long-term trend has been UP since Apr 14th, 2024 at 86.01248
The intermediate-term trend has been UP since Apr 14th, 2024 at 86.01248
The short-term trend has been DOWN since Apr 24th, 2024 at 86.68997
Smart Scan Analysis for CNYXOF
Based on our trend formula, CNYXOF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 86.18879 | 86.18879 | 86.18879 | 86.18879 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 86.22051 | 2024-04-24 21:01:06 |