Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
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, SHORTSYMBOL 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.
MarketClub’s Trade Triangles for BRLXOF
The long-term trend has been DOWN since Oct 10th, 2021 at 103.69878
The intermediate-term trend has been DOWN since Jul 19th, 2021 at 109.78360
The short-term trend has been DOWN since Sep 17th, 2021 at 106.09899
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).