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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
US Dollar/Namibian Dollar (FOREX:USDNAD)
Sidelines Mode (+55) - USDNAD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Jul 15th, 2024 at 19.200000
The intermediate-term trend has been UP since Jul 15th, 2024 at 18.425886
The short-term trend has been DOWN since Jul 26th, 2024 at 18.312377
Smart Scan Analysis for USDNAD
Based on our trend formula, USDNAD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 18.253281 | 18.253281 | 18.248239 | 18.248239 | -0.005042 |
| Prev. Close | Volume | Bid | Ask | Time |
| 18.253281 | 2024-07-26 14:00:14 |