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Forex Trend Analysis Report

Prepared for you on Wednesday, November 13, 2019.

Chinese Yuan Renminbi/CFA Franc BCEAO (FOREX:CNYXOF)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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
84.87507 84.87507 84.87507 84.87507 0.00000
Entry Signal

MarketClub’s Trade Triangles for CNYXOF

long term down The long term trend has been DOWN since May 13th, 2019 at 84.90500

intermediate term up The intermediate term trend has been UP since Nov 5th, 2019 at 84.04425

short term up The short term trend has been UP since Nov 4th, 2019 at 83.63491

Smart Scan Analysis for CNYXOF

Based on a pre-defined weighted trend formula for chart analysis, CNYXOF scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for CNYXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
84.87507 84.87507 84.87507 84.87507 0.00000
Prev. Close Volume Bid Ask Time
84.87507 84.87507 84.87507 2019-11-13 07:15:43
Want to analyze Chinese Yuan Renminbi/CFA Franc BCEAO CNYXOF or another symbol? Try our Free Forex Trend Analysis Report.