Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Namibian Dollar/CFA Franc BCEAO (FOREX:NADXOF)
Bull Market Weakness (+75) - NADXOF is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NADXOF as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid NADXOF?
MarketClub looks at technical strength and momentum to determine if the timing is right for NADXOF.
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 NADXOF
The long-term trend has been UP since Apr 2nd, 2024 at 32.374553
The intermediate-term trend has been UP since May 1st, 2024 at 32.761485
The short-term trend has been UP since Apr 28th, 2024 at 32.263089
Smart Scan Analysis for NADXOF
Based on our trend formula, NADXOF is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 32.79949 | 32.79949 | 32.79949 | 32.79949 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 32.79949 | 2024-05-08 21:02:49 |