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Forex Trend Analysis Report

Prepared for you on Sunday, February 16, 2020.

Namibian Dollar/US Dollar (FOREX:NADUSD)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_NADUSD
Open High Low NADUSD Price Change
0.06717969 0.06717969 0.06717969 0.06717969 0.00000000
Entry Signal

MarketClub’s Trade Triangles for NADUSD

long term up The long term trend has been UP since Dec 16th, 2019 at 0.06886400

intermediate term down The intermediate term trend has been DOWN since Jan 20th, 2020 at 0.06975877

short term down The short term trend has been DOWN since Jan 27th, 2020 at 0.06932398

Smart Scan Analysis for NADUSD

Based on a pre-defined weighted trend formula for chart analysis, NADUSD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for NADUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.06717969 0.06717969 0.06717969 0.06717969 0.00000000
Prev. Close Volume Bid Ask Time
0.06717969 0.06624168 0.06811770 2020-02-03 07:19:23
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