Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, May 9, 2025.
Brazilian Real/CFA Franc BCEAO (FOREX:BRLXOF)
Strong Downtrend (-100) - BRLXOF is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, BRLXOF continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid BRLXOF?
MarketClub looks at technical strength and momentum to determine if the timing is right for BRLXOF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for BRLXOF
The long-term trend has been DOWN since Apr 6th, 2025 at 102.85389
The intermediate-term trend has been DOWN since Apr 6th, 2025 at 104.62498
The short-term trend has been DOWN since May 7th, 2025 at 102.52591
Smart Scan Analysis for BRLXOF
Based on our trend formula, BRLXOF is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 101.01721 | 101.01721 | 101.01721 | 101.01721 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 101.01721 | 2025-05-07 07:25:21 |