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Forex Trend Analysis Report
Prepared for you on Tuesday, April 23, 2024.
US Dollar/Namibian Dollar (FOREX:USDNAD)
Sidelines Mode (+50) - USDNAD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until USDNAD can gain momentum.
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 UP since Apr 16th, 2024 at 18.9355
The short-term trend has been UP since Apr 16th, 2024 at 18.6650
Smart Scan Analysis for USDNAD
Based on our trend formula, USDNAD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 19.15 | 19.16 | 19.15 | 19.16 | +0.01 |
| Prev. Close | Volume | Bid | Ask | Time |
| 19.17 | 2024-04-22 14:10:07 |