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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Brazilian Real/CFA Franc BCEAO (FOREX:BRLXOF)
Strong Downtrend (-100) - BRLXOF is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, BRLXOF continues to fall. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for BRLXOF
The long-term trend has been DOWN since Dec 17th, 2023 at 122.13395
The intermediate-term trend has been DOWN since Feb 26th, 2024 at 121.98631
The short-term trend has been DOWN since Jul 12th, 2024 at 110.76987
Smart Scan Analysis for BRLXOF
Based on our trend formula, BRLXOF is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 106.94137 | 106.94137 | 106.94137 | 106.94137 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 106.94137 | 2024-07-26 14:00:15 |