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Forex Trend Analysis Report
Prepared for you on Thursday, January 2, 2025.
/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.
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MarketClub’s Trade Triangles for LRDXOF
The long-term trend has been UP since Nov 7th, 2024 at 3.1468314
The intermediate-term trend has been DOWN since Dec 17th, 2024 at 3.4596888
The short-term trend has been DOWN since Dec 17th, 2024 at 3.4673697
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.4307374 | 3.4307374 | 3.4307374 | 3.4307374 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.4307374 | 2024-12-30 07:25:17 |