Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
US Dollar/Namibian Dollar (FOREX:USDNAD)
Crossroads (-60) - USDNAD is struggling to move into a solid trend. Beware of choppy markets 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.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for USDNAD
The long-term trend has been DOWN since Aug 16th, 2024 at 17.937737
The intermediate-term trend has been UP since Oct 15th, 2024 at 17.560000
The short-term trend has been UP since Nov 11th, 2024 at 17.700000
Smart Scan Analysis for USDNAD
Based on our trend formula, USDNAD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 18.085000 | 18.085000 | 18.023902 | 18.023902 | -0.061098 |
| Prev. Close | Volume | Bid | Ask | Time |
| 18.085000 | 2024-11-18 21:06:10 |