Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, September 28, 2023.
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.
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MarketClub’s Trade Triangles for NADXOF
The long-term trend has been UP since Jul 28th, 2023 at 33.424708
The intermediate-term trend has been UP since Sep 20th, 2023 at 32.295176
The short-term trend has been UP since Aug 25th, 2023 at 32.028838
Smart Scan Analysis for NADXOF
Based on our trend formula, NADXOF is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 32.44132 | 32.44132 | 32.44132 | 32.44132 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 32.44132 | 2023-09-28 07:28:00 |