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Forex Trend Analysis Report

Prepared for you on Sunday, November 29, 2020.

Brazilian Real/CFA Franc BCEAO (FOREX:BRLXOF)

Sidelines Mode (+55) - BRLXOF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
103.17196 103.17196 103.17196 103.17196 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 up The intermediate-term trend has been UP since Nov 10th, 2020 at 99.22956

short term down The short-term trend has been DOWN since Nov 22nd, 2020 at 103.26129

Smart Scan Analysis for BRLXOF

Based on our trend formula, BRLXOF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for BRLXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
103.17196 103.17196 103.17196 103.17196 0.00000
Prev. Close Volume Bid Ask Time
103.09575 2020-11-26 21:00:34
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