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Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 2024.
Namibian Dollar/CFA Franc BCEAO (FOREX:NADXOF)
Crossroads (-60) - NADXOF is struggling to move into a solid trend. Beware of choppy markets 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 Nov 19th, 2024 at 34.759871
The short-term trend has been DOWN since Nov 19th, 2024 at 34.446457
Smart Scan Analysis for NADXOF
Based on our trend formula, NADXOF is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 34.264902 | 34.264902 | 34.264902 | 34.264902 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 34.458943 | 2024-11-20 19:11:55 |