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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.

FOREX_LRDXOF
Open High Low LRDXOF Price Change
3.1690275 3.1690275 3.1690275 3.1690275 0.0000000
Entry Signal

MarketClub’s Trade Triangles for LRDXOF

long term up The long-term trend has been UP since Oct 27th, 2020 at 2.9210768

intermediate term down The intermediate-term trend has been DOWN since Apr 18th, 2021 at 3.1882813

short term down 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).

-70
Smart Scan Analysis for LRDXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.1690275 3.1690275 3.1690275 3.1690275 0.0000000
Prev. Close Volume Bid Ask Time
3.1681092 2021-04-18 21:06:47
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