Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, May 10, 2024.
/CFA Franc BCEAO (FOREX:LRDXOF)
Weak Downtrend (-65) - LRDXOF is showing signs of a strengthening downtrend. Monitor LRDXOF as it may be building momentum to the downside.
Is it time to buy, sell, or avoid LRDXOF?
MarketClub looks at technical strength and momentum to determine if the timing is right for LRDXOF.
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 LRDXOF
The long-term trend has been UP since Apr 22nd, 2024 at 3.1740879
The intermediate-term trend has been DOWN since May 7th, 2024 at 3.1583466
The short-term trend has been DOWN since May 7th, 2024 at 3.1583466
Smart Scan Analysis for LRDXOF
Based on our trend formula, LRDXOF is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
-70
Strong Downtrend
Sideways
Strong Uptrend
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.1459259 | 3.1459259 | 3.1459259 | 3.1459259 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.1459259 | 2024-05-10 07:26:27 |
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