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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.

FOREX_NADXOF
Open High Low NADXOF Price Change
36.796322 36.796322 36.796322 36.796322 0.000000
Entry Signal

MarketClub’s Trade Triangles for NADXOF

long term up The long-term trend has been UP since Nov 3rd, 2020 at 34.446819

intermediate term up The intermediate-term trend has been UP since Feb 8th, 2021 at 36.504722

short term down 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).

+75
Smart Scan Analysis for NADXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
36.796322 36.796322 36.796322 36.796322 0.000000
Prev. Close Volume Bid Ask Time
36.315355 2021-02-24 07:23:16
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