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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.

FOREX_LRDXOF
Open High Low LRDXOF Price Change
4.1794011 4.1794011 4.1794011 4.1794011 0.0000000
Entry Signal

MarketClub’s Trade Triangles for LRDXOF

long term up The long-term trend has been UP since May 3rd, 2022 at 3.9513102

intermediate term down The intermediate-term trend has been DOWN since Aug 1st, 2022 at 4.2352596

short term down 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).

-60
Smart Scan Analysis for LRDXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.1794011 4.1794011 4.1794011 4.1794011 0.0000000
Prev. Close Volume Bid Ask Time
4.1794011 2022-08-10 07:20:30
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