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Forex Trend Analysis Report

Prepared for you on Wednesday, October 17, 2018.

Namibian Dollar/CFA Franc BCEAO (FOREX:NADXOF)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.

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_NADXOF
Open High Low NADXOF Price Change
38.253 38.253 38.253 38.253 0.000
Entry Signal

MarketClub’s Trade Triangles for NADXOF

long term down The long term trend has been DOWN since Jun 10th, 2018 at 43.156

intermediate term up The intermediate term trend has been UP since Sep 23rd, 2018 at 38.264

short term down The short term trend has been DOWN since Oct 2nd, 2018 at 39.705

Smart Scan Analysis for NADXOF

Based on a pre-defined weighted trend formula for chart analysis, NADXOF scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-65
Smart Scan Analysis for NADXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
38.253 38.253 38.253 38.253 0.000
Prev. Close Volume Bid Ask Time
38.253 38.253 38.253 2018-10-09 21:28:16
Want to analyze Namibian Dollar/CFA Franc BCEAO NADXOF or another symbol? Try our Free Forex Trend Analysis Report.