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Forex Trend Analysis Report

Prepared for you on Tuesday, May 26, 2020.

/CFA Franc BCEAO (FOREX:LRDXOF)

Long-Term Downtrend (-90) - LRDXOF is in a strong downtrend that is likely to continue. While LRDXOF is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
3.0092531 3.0092531 3.0092531 3.0092531 0.0000000
Entry Signal

MarketClub’s Trade Triangles for LRDXOF

long term down The long-term trend has been DOWN since Mar 5th, 2020 at 3.0067703

intermediate term down The intermediate-term trend has been DOWN since May 20th, 2020 at 3.0113253

short term down The short-term trend has been DOWN since May 20th, 2020 at 3.0289850

Smart Scan Analysis for LRDXOF

Based on our trend formula, LRDXOF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for LRDXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.0092531 3.0092531 3.0092531 3.0092531 0.0000000
Prev. Close Volume Bid Ask Time
3.0092531 3.0092531 3.0092531 2020-05-25 21:04:38
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