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.
MarketClub’s Trade Triangles for BRLXOF
The long-term trend has been UP since Dec 8th, 2020 at 105.70574
The intermediate-term trend has been DOWN since Dec 28th, 2020 at 104.38526
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).