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Forex Trend Analysis Report

Prepared for you on Tuesday, October 26, 2021.

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, SHORTSYMBOL 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.

FOREX_BRLXOF
Open High Low BRLXOF Price Change
99.86861 99.86861 99.86861 99.86861 0.00000
Entry Signal

MarketClub’s Trade Triangles for BRLXOF

long term down The long-term trend has been DOWN since Oct 10th, 2021 at 103.69878

intermediate term down The intermediate-term trend has been DOWN since Jul 19th, 2021 at 109.78360

short term down The short-term trend has been DOWN since Sep 17th, 2021 at 106.09899

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).

-100
Smart Scan Analysis for BRLXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
99.86861 99.86861 99.86861 99.86861 0.00000
Prev. Close Volume Bid Ask Time
99.86861 2021-10-25 07:22:31
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