Forex Trend Analysis Report
Prepared for you on Tuesday, August 4, 2020.
US Dollar/Namibian Dollar (FOREX:USDNAD)
Bear Market Rally (-75) - USDNAD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDNAD as it may be in the beginning of a reversal.
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 Jul 21st, 2020 at 16.59
The intermediate-term trend has been DOWN since May 13th, 2020 at 18.53
The short-term trend has been UP since Jul 31st, 2020 at 16.65
Smart Scan Analysis for USDNAD
Based on our trend formula, USDNAD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).