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Forex Trend Analysis Report

Prepared for you on Wednesday, December 8, 2021.

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
15.81 15.81 15.81 15.81 0.00
Entry Signal

MarketClub’s Trade Triangles for USDNAD

long term up The long-term trend has been UP since Nov 16th, 2021 at 15.31

intermediate term up The intermediate-term trend has been UP since Nov 5th, 2021 at 15.12

short term down The short-term trend has been DOWN since Dec 8th, 2021 at 15.83

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
15.81 15.81 15.81 15.81 0.00
Prev. Close Volume Bid Ask Time
15.81 2021-12-08 10:38:17
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