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Forex Trend Analysis Report

Prepared for you on Friday, December 6, 2019.

Namibian Dollar/US Dollar (FOREX:NADUSD)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_NADUSD
Open High Low NADUSD Price Change
0.06866136 0.06866136 0.06866136 0.06866136 0.00000000
Entry Signal

MarketClub’s Trade Triangles for NADUSD

long term down The long term trend has been DOWN since Aug 15th, 2019 at 0.06657300

intermediate term up The intermediate term trend has been UP since Nov 25th, 2019 at 0.06789358

short term up The short term trend has been UP since Nov 19th, 2019 at 0.06743022

Smart Scan Analysis for NADUSD

Based on a pre-defined weighted trend formula for chart analysis, NADUSD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+60
Smart Scan Analysis for NADUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.06866136 0.06866136 0.06866136 0.06866136 0.00000000
Prev. Close Volume Bid Ask Time
0.06827670 0.06768238 0.06964034 2019-12-04 07:15:58
Want to analyze Namibian Dollar/US Dollar NADUSD or another symbol? Try our Free Forex Trend Analysis Report.