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Forex Trend Analysis Report

Prepared for you on Thursday, August 18, 2022.

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
39.284273 39.380497 39.284273 39.380497 +0.096224
Entry Signal

MarketClub’s Trade Triangles for NADXOF

long term down The long-term trend has been DOWN since Jun 30th, 2022 at 38.730604

intermediate term up The intermediate-term trend has been UP since Aug 1st, 2022 at 38.424324

short term up The short-term trend has been UP since Aug 1st, 2022 at 38.424324

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
39.284273 39.380497 39.284273 39.380497 +0.096224
Prev. Close Volume Bid Ask Time
39.284273 2022-08-16 21:08:58
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