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Forex Trend Analysis Report

Prepared for you on Tuesday, January 18, 2022.

Brazilian Real/CFA Franc BCEAO (FOREX:BRLXOF)

Sidelines Mode (+50) - BRLXOF is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until BRLXOF can gain momentum.

Is it time to buy, sell, or avoid BRLXOF?

MarketClub looks at technical strength and momentum to determine if the timing is right for BRLXOF.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_BRLXOF
Open High Low BRLXOF Price Change
104.11851 104.11851 104.11851 104.11851 0.00000
Entry Signal

MarketClub’s Trade Triangles for BRLXOF

long term down The long-term trend has been DOWN since Oct 10th, 2021 at 103.69878

intermediate term up The intermediate-term trend has been UP since Jan 14th, 2022 at 103.26779

short term up The short-term trend has been UP since Jan 14th, 2022 at 103.26779

Smart Scan Analysis for BRLXOF

Based on our trend formula, BRLXOF is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for BRLXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
104.11851 104.11851 104.11851 104.11851 0.00000
Prev. Close Volume Bid Ask Time
104.11851 2022-01-17 21:08:23
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