Forex Trend Analysis Report
Prepared for you on Friday, April 23, 2021.
/CFA Franc BCEAO (FOREX:LRDXOF)
Weak Downtrend (-65) - LRDXOF is showing signs of a strengthening downtrend. Monitor LRDXOF as it may be building momentum to the downside.
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.
MarketClub’s Trade Triangles for LRDXOF
The long-term trend has been UP since Oct 27th, 2020 at 2.9210768
The intermediate-term trend has been DOWN since Apr 18th, 2021 at 3.1882813
The short-term trend has been DOWN since Apr 6th, 2021 at 3.2278171
Smart Scan Analysis for LRDXOF
Based on our trend formula, LRDXOF is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).