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Forex Trend Analysis Report

Prepared for you on Tuesday, June 18, 2024.

/CFA Franc BCEAO (FOREX:LRDXOF)

Long-Term Uptrend (+90) - LRDXOF is in a strong uptrend that is likely to continue. While LRDXOF is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
3.1606293 3.1606293 3.1606293 3.1606293 0.0000000
Entry Signal

MarketClub’s Trade Triangles for LRDXOF

long term up The long-term trend has been UP since Apr 22nd, 2024 at 3.1740879

intermediate term up The intermediate-term trend has been UP since Jun 10th, 2024 at 3.1289687

short term up The short-term trend has been UP since Jun 10th, 2024 at 3.1142620

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).

+90
Smart Scan Analysis for LRDXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.1606293 3.1606293 3.1606293 3.1606293 0.0000000
Prev. Close Volume Bid Ask Time
3.1521240 2024-06-16 21:00:27
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