Forex Trend Analysis Report
Prepared for you on Friday, August 12, 2022.
/CFA Franc BCEAO (FOREX:LRDXOF)
Crossroads (-60) - LRDXOF is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 May 3rd, 2022 at 3.9513102
The intermediate-term trend has been DOWN since Aug 1st, 2022 at 4.2352596
The short-term trend has been DOWN since Aug 1st, 2022 at 4.2352596
Smart Scan Analysis for LRDXOF
Based on our trend formula, LRDXOF is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).