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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
US Dollar/Namibian Dollar (FOREX:USDNAD)
Long-Term Downtrend (-90) - USDNAD is in a strong downtrend that is likely to continue. While USDNAD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid USDNAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDNAD.
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 USDNAD
The long-term trend has been DOWN since Nov 6th, 2023 at 18.2800
The intermediate-term trend has been DOWN since Apr 30th, 2024 at 18.6605
The short-term trend has been DOWN since Apr 25th, 2024 at 19.1450
Smart Scan Analysis for USDNAD
Based on our trend formula, USDNAD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 18.58 | 18.58 | 18.58 | 18.58 | 0.00 |
| Prev. Close | Volume | Bid | Ask | Time |
| 18.58 | 2024-05-08 15:54:01 |