Forex Trend Analysis Report
Prepared for you on Wednesday, April 1, 2020.
US Dollar/Namibian Dollar (FOREX:USDNAD)
Countertrend Up (+85) - USDNAD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
MarketClub’s Trade Triangles for USDNAD
The long-term trend has been UP since Feb 13th, 2020 at 14.92
The intermediate-term trend has been UP since Jan 14th, 2020 at 14.31
The short-term trend has been UP since Jan 28th, 2020 at 14.48
Smart Scan Analysis for USDNAD
Based on our trend formula, USDNAD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).