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Forex Trend Analysis Report

Prepared for you on Wednesday, May 29, 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.

FOREX_USDNAD
Open High Low USDNAD Price Change
18.4 18.4 18.4 18.4 0.0
Entry Signal

MarketClub’s Trade Triangles for USDNAD

long term down The long-term trend has been DOWN since Nov 6th, 2023 at 18.2800

intermediate term down The intermediate-term trend has been DOWN since Apr 30th, 2024 at 18.6605

short term up The short-term trend has been UP since May 23rd, 2024 at 18.2100

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).

-55
Smart Scan Analysis for USDNAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
18.4 18.4 18.4 18.4 0.0
Prev. Close Volume Bid Ask Time
18.4 2024-05-29 15:48:45
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