Forex Trend Analysis Report
Prepared for you on Tuesday, November 28, 2023.
CFA Franc BCEAO/Namibian Dollar (FOREX:XOFNAD)
Crossroads (-60) - XOFNAD is struggling to move into a solid trend. Beware of choppy markets 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.
MarketClub’s Trade Triangles for XOFNAD
The long-term trend has been DOWN since Jul 28th, 2023 at 0.02991799
The intermediate-term trend has been UP since Nov 20th, 2023 at 0.03053234
The short-term trend has been UP since Nov 20th, 2023 at 0.03053234
Smart Scan Analysis for XOFNAD
Based on our trend formula, XOFNAD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).