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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.

FOREX_LRDXOF
Open High Low LRDXOF Price Change
3.2085551 3.2085551 3.2085551 3.2085551 0.0000000
Entry Signal

MarketClub’s Trade Triangles for LRDXOF

long term down The long-term trend has been DOWN since Nov 21st, 2022 at 4.1748791

intermediate term up The intermediate-term trend has been UP since Sep 7th, 2023 at 3.1954258

short term up 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).

-60
Smart Scan Analysis for LRDXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.2085551 3.2085551 3.2085551 3.2085551 0.0000000
Prev. Close Volume Bid Ask Time
3.2085551 2023-09-20 07:28:47
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