Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, April 25, 2024.

Namibian Dollar/CFA Franc BCEAO (FOREX:NADXOF)

Weak Downtrend (-65) - NADXOF is showing signs of a strengthening downtrend. Monitor NADXOF as it may be building momentum to the downside.

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
32.004616 32.004616 32.004616 32.004616 0.000000
Entry Signal

MarketClub’s Trade Triangles for NADXOF

long term up The long-term trend has been UP since Apr 2nd, 2024 at 32.374553

intermediate term down The intermediate-term trend has been DOWN since Apr 22nd, 2024 at 32.263089

short term down The short-term trend has been DOWN since Apr 16th, 2024 at 32.604181

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).

-70
Smart Scan Analysis for NADXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
32.004616 32.004616 32.004616 32.004616 0.000000
Prev. Close Volume Bid Ask Time
32.004616 2024-04-24 21:01:06
Get a free daily analysis and signals for Namibian Dollar/CFA Franc BCEAO (NADXOF) - Request Your Free Report.