Forex Trend Analysis Report
Prepared for you on Monday, December 11, 2023.
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, USDNAD 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.
MarketClub’s Trade Triangles for USDNAD
The long-term trend has been DOWN since Nov 6th, 2023 at 18.28
The intermediate-term trend has been DOWN since Nov 1st, 2023 at 18.77
The short-term trend has been DOWN since Nov 15th, 2023 at 18.66
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).