Forex Trend Analysis Report
Prepared for you on Monday, March 30, 2020.
/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 Mar 5th, 2020 at 3.0067703
The intermediate-term trend has been UP since Mar 25th, 2020 at 2.9847431
The short-term trend has been UP since Mar 17th, 2020 at 2.9721658
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).