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.
MarketClub’s Trade Triangles for NADUSD
The long term trend has been DOWN since Aug 15th, 2019 at 0.06657300
The intermediate term trend has been UP since Nov 25th, 2019 at 0.06789358
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).