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Forex Trend Analysis Report

Prepared for you on Thursday, August 6, 2020.

CFA Franc BCEAO/Namibian Dollar (FOREX:XOFNAD)

Sidelines Mode (+50) - XOFNAD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until XOFNAD can gain momentum.

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.

FOREX_XOFNAD
Open High Low XOFNAD Price Change
0.02954752 0.02954752 0.02954752 0.02954752 0.00000000
Entry Signal

MarketClub’s Trade Triangles for XOFNAD

long term down The long-term trend has been DOWN since Jul 13th, 2020 at 0.02898666

intermediate term up The intermediate-term trend has been UP since Jul 27th, 2020 at 0.02946108

short term up The short-term trend has been UP since Jul 20th, 2020 at 0.02897827

Smart Scan Analysis for XOFNAD

Based on our trend formula, XOFNAD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for XOFNAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02954752 0.02954752 0.02954752 0.02954752 0.00000000
Prev. Close Volume Bid Ask Time
0.03010365 0.02954752 0.02954752 2020-07-29 04:35:24
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