Forex Trend Analysis Report
Prepared for you on Monday, April 6, 2020.
CFA Franc BCEAO/Namibian Dollar (FOREX:XOFNAD)
Countertrend Up (+85) - XOFNAD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Mar 5th, 2020 at 0.02530578
The intermediate-term trend has been UP since Jan 20th, 2020 at 0.02434870
The short-term trend has been UP since Feb 24th, 2020 at 0.02461732
Smart Scan Analysis for XOFNAD
Based on our trend formula, XOFNAD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).