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Forex Trend Analysis Report

Prepared for you on Saturday, February 23, 2019.

Namibian Dollar/CFA Franc BCEAO (FOREX:NADXOF)

Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_NADXOF
Open High Low NADXOF Price Change
41.294 41.294 41.294 41.294 0.000
Entry Signal

MarketClub’s Trade Triangles for NADXOF

long term up The long term trend has been UP since Dec 2nd, 2018 at 41.786

intermediate term down The intermediate term trend has been DOWN since Feb 15th, 2019 at 41.516

short term up The short term trend has been UP since Feb 21st, 2019 at 41.129

Smart Scan Analysis for NADXOF

Based on a pre-defined weighted trend formula for chart analysis, NADXOF scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+55
Smart Scan Analysis for NADXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
41.294 41.294 41.294 41.294 0.000
Prev. Close Volume Bid Ask Time
41.294 41.294 41.294 2019-02-23 07:41:33
Want to analyze Namibian Dollar/CFA Franc BCEAO NADXOF or another symbol? Try our Free Forex Trend Analysis Report.