Forex Trend Analysis Report
Prepared for you on Thursday, September 21, 2023.
/CFA Franc BCEAO (FOREX:LRDXOF)
Crossroads (-60) - LRDXOF is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for LRDXOF
The long-term trend has been DOWN since Nov 21st, 2022 at 4.1748791
The intermediate-term trend has been UP since Sep 7th, 2023 at 3.1954258
The short-term trend has been UP since Sep 7th, 2023 at 3.1954258
Smart Scan Analysis for LRDXOF
Based on our trend formula, LRDXOF is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).