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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

Namibian Dollar/US Dollar (FOREX:NADUSD)

Bear Market Rally (-75) - NADUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on NADUSD as it may be in the beginning of a reversal.

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.

FOREX_NADUSD
Open High Low NADUSD Price Change
0.05281504 0.05281504 0.05281504 0.05281504 0.00000000
Entry Signal

MarketClub’s Trade Triangles for NADUSD

long term down The long-term trend has been DOWN since Dec 28th, 2023 at 0.05419736

intermediate term up The intermediate-term trend has been UP since Mar 7th, 2024 at 0.05296570

short term down The short-term trend has been DOWN since Mar 18th, 2024 at 0.05358022

Smart Scan Analysis for NADUSD

Based on our trend formula, NADUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for NADUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05281504 0.05281504 0.05281504 0.05281504 0.00000000
Prev. Close Volume Bid Ask Time
0.05281504 2024-03-28 02:42:07
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