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Forex Trend Analysis Report

Prepared for you on Thursday, April 25, 2024.

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
119.10033 119.10033 119.10033 119.10033 0.00000
Entry Signal

MarketClub’s Trade Triangles for BRLXOF

long term down The long-term trend has been DOWN since Dec 17th, 2023 at 122.13395

intermediate term down The intermediate-term trend has been DOWN since Feb 26th, 2024 at 121.98631

short term up The short-term trend has been UP since Apr 22nd, 2024 at 117.40563

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
119.10033 119.10033 119.10033 119.10033 0.00000
Prev. Close Volume Bid Ask Time
119.10033 2024-04-24 21:01:06
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