Forex Trend Analysis Report
Prepared for you on Friday, May 7, 2021.
CFA Franc BCEAO/Namibian Dollar (FOREX:XOFNAD)
Strong Downtrend (-100) - XOFNAD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 DOWN since Nov 3rd, 2020 at 0.02903026
The intermediate-term trend has been DOWN since Mar 15th, 2021 at 0.02717663
The short-term trend has been DOWN since Apr 18th, 2021 at 0.02618342
Smart Scan Analysis for XOFNAD
Based on our trend formula, XOFNAD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).