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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

/CFA Franc BCEAO (FOREX:LRDXOF)

Countertrend Up (+85) - LRDXOF is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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
3.4802472 3.4802472 3.4802472 3.4802472 0.0000000
Entry Signal

MarketClub’s Trade Triangles for LRDXOF

long term up The long-term trend has been UP since Jul 4th, 2021 at 3.2278171

intermediate term up The intermediate-term trend has been UP since Sep 21st, 2021 at 3.2526256

short term up The short-term trend has been UP since Sep 9th, 2021 at 3.2248021

Smart Scan Analysis for LRDXOF

Based on our trend formula, LRDXOF is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for LRDXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.4802472 3.4802472 3.4802472 3.4802472 0.0000000
Prev. Close Volume Bid Ask Time
3.4802472 2021-10-20 07:19:48
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