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Forex Trend Analysis Report

Prepared for you on Friday, October 18, 2019.

/CFA Franc BCEAO (FOREX:LRDXOF)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_LRDXOF
Open High Low LRDXOF Price Change
2.7905939 2.7905939 2.7905939 2.7905939 0.0000000
Entry Signal

MarketClub’s Trade Triangles for LRDXOF

long term down The long term trend has been DOWN since Dec 19th, 2018 at 3.6273

intermediate term down The intermediate term trend has been DOWN since Sep 12th, 2019 at 2.8885

short term down The short term trend has been DOWN since Oct 13th, 2019 at 2.8712

Smart Scan Analysis for LRDXOF

Based on a pre-defined weighted trend formula for chart analysis, LRDXOF scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for LRDXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.7905939 2.7905939 2.7905939 2.7905939 0.0000000
Prev. Close Volume Bid Ask Time
2.7905939 2.7905939 2.7905939 2019-10-17 20:06:23
Want to analyze /CFA Franc BCEAO LRDXOF or another symbol? Try our Free Forex Trend Analysis Report.