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Forex Trend Analysis Report
Prepared for you on Saturday, May 4, 2024.
Namibian Dollar/CFA Franc BCEAO (FOREX:NADXOF)
Countertrend Up (+85) - NADXOF is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 32.924114 | 32.924114 | 32.924114 | 32.924114 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 32.983382 | 2024-05-01 21:07:16 |