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Forex Trend Analysis Report

Prepared for you on Tuesday, January 21, 2020.

Namibian Dollar/CFA Franc BCEAO (FOREX:NADXOF)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_NADXOF
Open High Low NADXOF Price Change
40.818477 40.818477 40.818477 40.818477 0.000000
Entry Signal

MarketClub’s Trade Triangles for NADXOF

long term up The long term trend has been UP since Dec 2nd, 2019 at 40.707000

intermediate term down The intermediate term trend has been DOWN since Jan 20th, 2020 at 41.069955

short term down The short term trend has been DOWN since Jan 6th, 2020 at 41.647799

Smart Scan Analysis for NADXOF

Based on a pre-defined weighted trend formula for chart analysis, NADXOF scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for NADXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
40.818477 40.818477 40.818477 40.818477 0.000000
Prev. Close Volume Bid Ask Time
40.818477 40.818477 40.818477 2020-01-21 21:00:32
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