Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
/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 UP since Oct 27th, 2020 at 2.9210768
The intermediate-term trend has been DOWN since Feb 9th, 2021 at 3.1647465
The short-term trend has been DOWN since Feb 8th, 2021 at 3.1893665
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).