Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 2021.
Namibian Dollar/CFA Franc BCEAO (FOREX:NADXOF)
Bull Market Weakness (+75) - NADXOF is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NADXOF as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for NADXOF
The long-term trend has been UP since Nov 3rd, 2020 at 34.446819
The intermediate-term trend has been UP since Feb 8th, 2021 at 36.504722
The short-term trend has been DOWN since Feb 23rd, 2021 at 37.277274
Smart Scan Analysis for NADXOF
Based on our trend formula, NADXOF is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).