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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
CFA Franc BCEAO/Namibian Dollar (FOREX:XOFNAD)
Sidelines Mode (-55) - XOFNAD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid XOFNAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for XOFNAD.
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 XOFNAD
The long-term trend has been DOWN since Apr 2nd, 2024 at 0.03088846
The intermediate-term trend has been UP since Jul 17th, 2024 at 0.03026601
The short-term trend has been DOWN since Jul 26th, 2024 at 0.03026235
Smart Scan Analysis for XOFNAD
Based on our trend formula, XOFNAD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.03021311 | 0.03021311 | 0.03021311 | 0.03021311 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.03021311 | 2024-07-26 14:00:15 |