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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Namibian Dollar/CFA Franc BCEAO (FOREX:NADXOF)
Sidelines Mode (+55) - NADXOF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 DOWN since Jul 17th, 2024 at 33.040366
The short-term trend has been UP since Jul 26th, 2024 at 33.044361
Smart Scan Analysis for NADXOF
Based on our trend formula, NADXOF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
![Smart Scan Analysis for NADXOF](/img/sites/trend-web/images/trend-slider.png)
Open | High | Low | Price | Change |
---|---|---|---|---|
33.098216 | 33.098216 | 33.098216 | 33.098216 | 0.000000 |
Prev. Close | Volume | Bid | Ask | Time |
33.098216 | 2024-07-26 14:00:15 |