Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Namibian Dollar/CFA Franc BCEAO (FOREX:NADXOF)
Sidelines Mode (+50) - NADXOF is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until NADXOF can gain momentum.
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.
MarketClub’s Trade Triangles for NADXOF
The long-term trend has been DOWN since Jul 26th, 2021 at 37.869308
The intermediate-term trend has been UP since Oct 20th, 2021 at 38.057159
The short-term trend has been UP since Oct 10th, 2021 at 37.353906
Smart Scan Analysis for NADXOF
Based on our trend formula, NADXOF is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).