Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, August 12, 2022.

CFA Franc BCEAO/Namibian Dollar (FOREX:XOFNAD)

Weak Downtrend (-65) - XOFNAD is showing signs of a strengthening downtrend. Monitor XOFNAD as it may be building momentum to the downside.

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
0.02596161 0.02596161 0.02596161 0.02596161 0.00000000
Entry Signal

MarketClub’s Trade Triangles for XOFNAD

long term up The long-term trend has been UP since Jun 30th, 2022 at 0.02581938

intermediate term down The intermediate-term trend has been DOWN since Aug 1st, 2022 at 0.02602518

short term down The short-term trend has been DOWN since Aug 1st, 2022 at 0.02602518

Smart Scan Analysis for XOFNAD

Based on our trend formula, XOFNAD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for XOFNAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02596161 0.02596161 0.02596161 0.02596161 0.00000000
Prev. Close Volume Bid Ask Time
0.02596161 2022-08-10 07:20:30
Get a free daily analysis and signals for CFA Franc BCEAO/Namibian Dollar (XOFNAD) - Request Your Free Report.