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Forex Trend Analysis Report

Prepared for you on Thursday, April 9, 2020.

Brazilian Real/CFA Franc BCEAO (FOREX:BRLXOF)

Bear Market Rally (-75) - BRLXOF is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BRLXOF as it may be in the beginning of a reversal.

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
115.55049 115.55049 115.55049 115.55049 0.00000
Entry Signal

MarketClub’s Trade Triangles for BRLXOF

long term down The long-term trend has been DOWN since Sep 1st, 2019 at 145.44000

intermediate term down The intermediate-term trend has been DOWN since Jan 20th, 2020 at 144.27418

short term up The short-term trend has been UP since Apr 8th, 2020 at 115.42645

Smart Scan Analysis for BRLXOF

Based on our trend formula, BRLXOF is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for BRLXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
115.55049 115.55049 115.55049 115.55049 0.00000
Prev. Close Volume Bid Ask Time
115.55049 115.55049 115.55049 2020-04-08 07:14:52
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