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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

Namibian Dollar/CFA Franc BCEAO (FOREX:NADXOF)

Sidelines Mode (+50) - NADXOF is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until NADXOF can gain momentum.

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.

FOREX_NADXOF
Open High Low NADXOF Price Change
38.609326 38.609326 38.609326 38.609326 0.000000
Entry Signal

MarketClub’s Trade Triangles for NADXOF

long term down The long-term trend has been DOWN since Jul 26th, 2021 at 37.869308

intermediate term up The intermediate-term trend has been UP since Oct 20th, 2021 at 38.057159

short term up The short-term trend has been UP since Oct 10th, 2021 at 37.353906

Smart Scan Analysis for NADXOF

Based on our trend formula, NADXOF is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for NADXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
38.609326 38.609326 38.609326 38.609326 0.000000
Prev. Close Volume Bid Ask Time
38.853797 2021-10-20 07:19:48
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