Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Saturday, February 22, 2025.
Brazilian Real/CFA Franc BCEAO (FOREX:BRLXOF)
Bull Market Weakness (+75) - BRLXOF is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on BRLXOF as it may be in the beginning stages 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.
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MarketClub’s Trade Triangles for BRLXOF
The long-term trend has been UP since Feb 2nd, 2025 at 108.07609
The intermediate-term trend has been UP since Jan 9th, 2025 at 104.27077
The short-term trend has been UP since Jan 5th, 2025 at 102.00114
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 109.40275 | 109.40275 | 109.40275 | 109.40275 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 109.40275 | 2025-02-22 01:41:05 |