Forex Trend Analysis Report
Prepared for you on Thursday, March 30, 2023.
US Dollar/Namibian Dollar (FOREX:USDNAD)
Weak Downtrend (-65) - USDNAD is showing signs of a strengthening downtrend. Monitor USDNAD as it may be building momentum to the downside.
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 UP since Feb 21st, 2023 at 18.225
The intermediate-term trend has been DOWN since Mar 29th, 2023 at 18.170
The short-term trend has been DOWN since Mar 10th, 2023 at 18.590
Smart Scan Analysis for USDNAD
Based on our trend formula, USDNAD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).