Forex Trend Analysis Report
Prepared for you on Wednesday, March 20, 2019.
US Dollar/Namibian Dollar (FOREX:USDNAD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 USDNAD
The long term trend has been DOWN since Dec 4th, 2018 at 13.68
The intermediate term trend has been UP since Feb 15th, 2019 at 13.89
The short term trend has been UP since Feb 15th, 2019 at 13.83
Smart Scan Analysis for USDNAD
Based on a pre-defined weighted trend formula for chart analysis, USDNAD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).