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Forex Trend Analysis Report
Prepared for you on Friday, May 9, 2025.
/CFA Franc BCEAO (FOREX:LRDXOF)
Bear Market Rally (-75) - LRDXOF is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on LRDXOF as it may be in the beginning of a reversal.
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.
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MarketClub’s Trade Triangles for LRDXOF
The long-term trend has been DOWN since Feb 14th, 2025 at 3.1512154
The intermediate-term trend has been DOWN since Dec 17th, 2024 at 3.4596888
The short-term trend has been UP since Apr 27th, 2025 at 2.8877702
Smart Scan Analysis for LRDXOF
Based on our trend formula, LRDXOF is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.8857375 | 2.8857375 | 2.8857375 | 2.8857375 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.9056788 | 2025-05-07 07:25:21 |