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Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 2024.
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.
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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 Nov 19th, 2024 at 0.02876881
The short-term trend has been UP since Nov 19th, 2024 at 0.02903056
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.02918438 | 0.02918438 | 0.02918438 | 0.02918438 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.02918438 | 2024-11-20 19:11:55 |