Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Namibian Dollar/US Dollar (FOREX:NADUSD)
Sidelines Mode (+55) - NADUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid NADUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for NADUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for NADUSD
The long-term trend has been UP since May 5th, 2024 at 0.05402958
The intermediate-term trend has been UP since May 5th, 2024 at 0.05374045
The short-term trend has been DOWN since May 8th, 2024 at 0.05409289
Smart Scan Analysis for NADUSD
Based on our trend formula, NADUSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
0.05374130 | 0.05374130 | 0.05372454 | 0.05372454 | -0.00001700 |
Prev. Close | Volume | Bid | Ask | Time |
0.05374130 | 2024-05-08 21:02:47 |