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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
CFA Franc BCEAO/Namibian Dollar (FOREX:XOFNAD)
Sidelines Mode (+50) - XOFNAD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until XOFNAD can gain momentum.
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 Dec 24th, 2024 at 0.02904809
The short-term trend has been UP since Dec 24th, 2024 at 0.02891424
Smart Scan Analysis for XOFNAD
Based on our trend formula, XOFNAD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.02946626 | 0.02946626 | 0.02946626 | 0.02946626 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.02946626 | 2024-12-24 21:00:04 |