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Forex Trend Analysis Report

Prepared for you on Thursday, February 25, 2021.

Brazilian Real/CFA Franc BCEAO (FOREX:BRLXOF)

Weak Downtrend (-65) - BRLXOF is showing signs of a strengthening downtrend. Monitor BRLXOF as it may be building momentum to the downside.

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.

FOREX_BRLXOF
Open High Low BRLXOF Price Change
99.41002 99.41002 99.41002 99.41002 0.00000
Entry Signal

MarketClub’s Trade Triangles for BRLXOF

long term up The long-term trend has been UP since Dec 8th, 2020 at 105.70574

intermediate term down The intermediate-term trend has been DOWN since Dec 28th, 2020 at 104.38526

short term down The short-term trend has been DOWN since Feb 18th, 2021 at 100.59764

Smart Scan Analysis for BRLXOF

Based on our trend formula, BRLXOF is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for BRLXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
99.41002 99.41002 99.41002 99.41002 0.00000
Prev. Close Volume Bid Ask Time
99.41002 2021-02-24 07:23:16
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