Forex Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
Namibian Dollar/US Dollar (FOREX:NADUSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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.
MarketClub’s Trade Triangles for NADUSD
The long term trend has been UP since Jul 16th, 2019 at 0.071545
The intermediate term trend has been UP since Jun 20th, 2019 at 0.069400
The short term trend has been DOWN since Jul 21st, 2019 at 0.071671
Smart Scan Analysis for NADUSD
Based on a pre-defined weighted trend formula for chart analysis, NADUSD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).