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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.

FOREX_XOFNAD
Open High Low XOFNAD Price Change
0.02794497 0.02794497 0.02794497 0.02794497 0.00000000
Entry Signal

MarketClub’s Trade Triangles for XOFNAD

long term down The long-term trend has been DOWN since Nov 3rd, 2020 at 0.02903026

intermediate term down The intermediate-term trend has been DOWN since Oct 13th, 2020 at 0.02968350

short term up 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).

-75
Smart Scan Analysis for XOFNAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02794497 0.02794497 0.02794497 0.02794497 0.00000000
Prev. Close Volume Bid Ask Time
0.02835110 2020-12-02 07:11:39
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