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Forex Trend Analysis Report

Prepared for you on Monday, March 1, 2021.

US Dollar/Namibian Dollar (FOREX:USDNAD)

Strong Downtrend (-100) - USDNAD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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.

FOREX_USDNAD
Open High Low USDNAD Price Change
14.525 14.525 14.525 14.525 0.000
Entry Signal

MarketClub’s Trade Triangles for USDNAD

long term down The long-term trend has been DOWN since Nov 20th, 2020 at 15.345

intermediate term down The intermediate-term trend has been DOWN since Feb 8th, 2021 at 14.890

short term down The short-term trend has been DOWN since Feb 1st, 2021 at 15.120

Smart Scan Analysis for USDNAD

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

-100
Smart Scan Analysis for USDNAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.525 14.525 14.525 14.525 0.000
Prev. Close Volume Bid Ask Time
14.525 2021-02-24 12:56:15
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