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Forex Trend Analysis Report

Prepared for you on Wednesday, April 1, 2020.

US Dollar/Namibian Dollar (FOREX:USDNAD)

Countertrend Up (+85) - USDNAD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
17.95 17.95 17.95 17.95 0.00
Entry Signal

MarketClub’s Trade Triangles for USDNAD

long term up The long-term trend has been UP since Feb 13th, 2020 at 14.92

intermediate term up The intermediate-term trend has been UP since Jan 14th, 2020 at 14.31

short term up The short-term trend has been UP since Jan 28th, 2020 at 14.48

Smart Scan Analysis for USDNAD

Based on our trend formula, USDNAD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for USDNAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
17.95 17.95 17.95 17.95 0.00
Prev. Close Volume Bid Ask Time
17.95 17.94 17.96 2020-03-30 12:59:09
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