Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
CFA Franc BCEAO/Namibian Dollar (FOREX:XOFNAD)
Bear Market Rally (-75) - XOFNAD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on XOFNAD as it may be in the beginning of a reversal.
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.
MarketClub’s Trade Triangles for XOFNAD
The long-term trend has been DOWN since Nov 3rd, 2020 at 0.02903026
The intermediate-term trend has been DOWN since Oct 13th, 2020 at 0.02968350
The short-term trend has been UP since Nov 30th, 2020 at 0.02778170
Smart Scan Analysis for XOFNAD
Based on our trend formula, XOFNAD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).