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Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 2024.
/CFA Franc BCEAO (FOREX:LRDXOF)
Countertrend Up (+85) - LRDXOF 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 LRDXOF?
MarketClub looks at technical strength and momentum to determine if the timing is right for LRDXOF.
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 LRDXOF
The long-term trend has been UP since Nov 7th, 2024 at 3.1468314
The intermediate-term trend has been UP since Sep 25th, 2024 at 2.9572923
The short-term trend has been UP since Sep 25th, 2024 at 2.9489166
Smart Scan Analysis for LRDXOF
Based on our trend formula, LRDXOF is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.4336108 | 3.4336108 | 3.4336108 | 3.4336108 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.4336108 | 2024-11-20 19:11:55 |