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Forex Trend Analysis Report

Prepared for you on Tuesday, November 28, 2023.

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.

FOREX_XOFNAD
Open High Low XOFNAD Price Change
0.03120098 0.03120098 0.03120098 0.03120098 0.00000000
Entry Signal

MarketClub’s Trade Triangles for XOFNAD

long term down The long-term trend has been DOWN since Jul 28th, 2023 at 0.02991799

intermediate term up The intermediate-term trend has been UP since Nov 20th, 2023 at 0.03053234

short term up The short-term trend has been UP since Nov 20th, 2023 at 0.03053234

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).

-60
Smart Scan Analysis for XOFNAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.03120098 0.03120098 0.03120098 0.03120098 0.00000000
Prev. Close Volume Bid Ask Time
0.03120098 2023-11-28 07:28:28
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