Forex Trend Analysis Report
Prepared for you on Thursday, December 2, 2021.
US Dollar/Namibian Dollar (FOREX:USDNAD)
Bull Market Weakness (+75) - USDNAD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDNAD as it may be in the beginning stages of a reversal.
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 Nov 16th, 2021 at 15.31
The intermediate-term trend has been UP since Nov 5th, 2021 at 15.12
The short-term trend has been UP since Nov 5th, 2021 at 15.12
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).