Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, January 22, 2025.
CFA Franc BCEAO/Namibian Dollar (FOREX:XOFNAD)
Long-Term Downtrend (-90) - XOFNAD is in a strong downtrend that is likely to continue. While XOFNAD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 Apr 2nd, 2024 at 0.03088846
The intermediate-term trend has been DOWN since Jan 19th, 2025 at 0.02946275
The short-term trend has been DOWN since Jan 19th, 2025 at 0.02946275
Smart Scan Analysis for XOFNAD
Based on our trend formula, XOFNAD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.02941336 | 0.02941336 | 0.02941336 | 0.02941336 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.02941336 | 2025-01-22 07:24:49 |