Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, January 27, 2022.
Chinese Yuan Renminbi/CFA Franc BCEAO (FOREX:CNYXOF)
Countertrend Up (+85) - CNYXOF is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 Oct 14th, 2020 at 82.96007
The intermediate-term trend has been UP since Jan 20th, 2022 at 91.14438
The short-term trend has been UP since Jan 20th, 2022 at 90.58553
Smart Scan Analysis for CNYXOF
Based on our trend formula, CNYXOF is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 92.30121 | 92.30121 | 92.30121 | 92.30121 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 92.30121 | 2022-01-27 07:08:14 |