Forex Trend Analysis Report
Prepared for you on Monday, December 10, 2018.
Namibian Dollar/CFA Franc BCEAO (FOREX:NADXOF)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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.
MarketClub’s Trade Triangles for NADXOF
The long term trend has been UP since Dec 2nd, 2018 at 41.786
The intermediate term trend has been UP since Sep 23rd, 2018 at 38.264
The short term trend has been DOWN since Dec 6th, 2018 at 41.968
Smart Scan Analysis for NADXOF
Based on a pre-defined weighted trend formula for chart analysis, NADXOF scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).