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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

US Dollar/Namibian Dollar (FOREX:USDNAD)

Countertrend Down (-85) - USDNAD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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
18.9355 18.9355 18.9355 18.9355 0.0000
Entry Signal

MarketClub’s Trade Triangles for USDNAD

long term down The long-term trend has been DOWN since Nov 6th, 2023 at 18.28

intermediate term down The intermediate-term trend has been DOWN since Mar 8th, 2024 at 18.88

short term up The short-term trend has been UP since Mar 18th, 2024 at 18.77

Smart Scan Analysis for USDNAD

Based on our trend formula, USDNAD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for USDNAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
18.9355 18.9355 18.9355 18.9355 0.0000
Prev. Close Volume Bid Ask Time
18.9355 2024-03-27 15:36:45
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