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Forex Trend Analysis Report

Prepared for you on Sunday, June 16, 2024.

Namibian Dollar/CFA Franc BCEAO (FOREX:NADXOF)

Long-Term Uptrend (+90) - NADXOF is in a strong uptrend that is likely to continue. While NADXOF is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
33.393252 33.393252 33.393252 33.393252 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 up The intermediate-term trend has been UP since Jun 14th, 2024 at 33.298662

short term up The short-term trend has been UP since Jun 10th, 2024 at 31.982613

Smart Scan Analysis for NADXOF

Based on our trend formula, NADXOF is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for NADXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
33.393252 33.393252 33.393252 33.393252 0.000000
Prev. Close Volume Bid Ask Time
33.393252 2024-06-15 17:06:48
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