Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
CFA Franc BCEAO/Chinese Yuan Renminbi (FOREX:XOFCNY)
Countertrend Up (+85) - XOFCNY 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 XOFCNY?
MarketClub looks at technical strength and momentum to determine if the timing is right for XOFCNY.
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 XOFCNY
The long-term trend has been UP since May 21st, 2024 at 0.01173979
The intermediate-term trend has been UP since Jul 4th, 2024 at 0.01193261
The short-term trend has been DOWN since Jul 23rd, 2024 at 0.01205494
Smart Scan Analysis for XOFCNY
Based on our trend formula, XOFCNY is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.01200433 | 0.01200433 | 0.01200433 | 0.01200433 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.01200433 | 2024-07-26 14:00:15 |