Forex Trend Analysis Report
Prepared for you on Saturday, November 28, 2020.
CFA Franc BCEAO/Chinese Yuan Renminbi (FOREX:XOFCNY)
Bull Market Weakness (+75) - XOFCNY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on XOFCNY as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for XOFCNY
The long-term trend has been DOWN since Oct 14th, 2020 at 0.01205399
The intermediate-term trend has been UP since Nov 26th, 2020 at 0.01192441
The short-term trend has been UP since Nov 19th, 2020 at 0.01188081
Smart Scan Analysis for XOFCNY
Based on our trend formula, XOFCNY is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).