Forex Trend Analysis Report
Prepared for you on Friday, January 17, 2020.
/CFA Franc BCEAO (FOREX:LRDXOF)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for LRDXOF
The long term trend has been UP since Nov 17th, 2019 at 2.9186000
The intermediate term trend has been DOWN since Jan 6th, 2020 at 3.1095378
The short term trend has been UP since Jan 12th, 2020 at 3.1216723
Smart Scan Analysis for LRDXOF
Based on a pre-defined weighted trend formula for chart analysis, LRDXOF scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).