Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, April 20, 2021.

Namibian Dollar/CFA Franc BCEAO (FOREX:NADXOF)

Bull Market Weakness (+75) - NADXOF is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NADXOF as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid NADXOF?

MarketClub looks at technical strength and momentum to determine if the timing is right for NADXOF.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_NADXOF
Open High Low NADXOF Price Change
38.412848 38.412848 38.412848 38.412848 0.000000
Entry Signal

MarketClub’s Trade Triangles for NADXOF

long term up The long-term trend has been UP since Nov 3rd, 2020 at 34.446819

intermediate term up The intermediate-term trend has been UP since Mar 15th, 2021 at 36.796322

short term up The short-term trend has been UP since Apr 18th, 2021 at 38.192103

Smart Scan Analysis for NADXOF

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

+70
Smart Scan Analysis for NADXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
38.412848 38.412848 38.412848 38.412848 0.000000
Prev. Close Volume Bid Ask Time
38.412848 2021-04-18 21:06:47
Get a free daily analysis and signals for Namibian Dollar/CFA Franc BCEAO (NADXOF) - Request Your Free Report.