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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
/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 Jul 12th, 2024 at 3.1029186
The intermediate-term trend has been DOWN since Jul 7th, 2024 at 3.1240511
The short-term trend has been DOWN since Jul 26th, 2024 at 3.0935531
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 |
|---|---|---|---|---|
| 3.0922406 | 3.0922406 | 3.0922406 | 3.0922406 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.0922406 | 2024-07-26 14:00:15 |