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Forex Trend Analysis Report
Prepared for you on Saturday, February 22, 2025.
/CFA Franc BCEAO (FOREX:LRDXOF)
Strong Downtrend (-100) - LRDXOF is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, LRDXOF continues to fall. 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 Dec 17th, 2024 at 3.4596888
The short-term trend has been DOWN since Feb 14th, 2025 at 3.1690275
Smart Scan Analysis for LRDXOF
Based on our trend formula, LRDXOF is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.140654 | 3.140654 | 3.140654 | 3.140654 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.140654 | 2025-02-22 01:41:05 |