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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.

FOREX_LRDXOF
Open High Low LRDXOF Price Change
2.9874619 2.9874619 2.9874619 2.9874619 0.0000000
Entry Signal

MarketClub’s Trade Triangles for LRDXOF

long term down The long-term trend has been DOWN since Mar 5th, 2020 at 3.0067703

intermediate term up The intermediate-term trend has been UP since Mar 25th, 2020 at 2.9847431

short term up 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).

-60
Smart Scan Analysis for LRDXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.9874619 2.9874619 2.9874619 2.9874619 0.0000000
Prev. Close Volume Bid Ask Time
2.9874619 2.9874619 2.9874619 2020-03-29 15:42:20
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