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Forex Trend Analysis Report
Prepared for you on Friday, May 30, 2025.
/CFA Franc BCEAO (FOREX:LRDXOF)
Long-Term Downtrend (-90) - LRDXOF is in a strong downtrend that is likely to continue. While LRDXOF is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Feb 14th, 2025 at 3.1512154
The intermediate-term trend has been DOWN since May 26th, 2025 at 2.8857375
The short-term trend has been DOWN since May 23rd, 2025 at 2.9164014
Smart Scan Analysis for LRDXOF
Based on our trend formula, LRDXOF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.8809214 | 2.8809214 | 2.8809214 | 2.8809214 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.8912068 | 2025-05-26 21:00:08 |