Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
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.
MarketClub’s Trade Triangles for XOFNAD
The long-term trend has been UP since Jul 26th, 2021 at 0.02640661
The intermediate-term trend has been DOWN since Oct 20th, 2021 at 0.02627627
The short-term trend has been DOWN since Oct 10th, 2021 at 0.02677096
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).