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Forex Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

Brazilian Real/CFA Franc BCEAO (FOREX:BRLXOF)

Countertrend Up (+85) - BRLXOF is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
126.89229 126.89229 126.89229 126.89229 0.00000
Entry Signal

MarketClub’s Trade Triangles for BRLXOF

long term up The long-term trend has been UP since Jan 20th, 2022 at 104.90109

intermediate term up The intermediate-term trend has been UP since Aug 1st, 2022 at 121.46002

short term up The short-term trend has been UP since Aug 1st, 2022 at 121.46002

Smart Scan Analysis for BRLXOF

Based on our trend formula, BRLXOF is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for BRLXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
126.89229 126.89229 126.89229 126.89229 0.00000
Prev. Close Volume Bid Ask Time
126.89229 2022-08-16 07:16:45
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