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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.

FOREX_USDNAD
Open High Low USDNAD Price Change
14.48 14.48 14.48 14.48 0.00
Entry Signal

MarketClub’s Trade Triangles for USDNAD

long term down The long term trend has been DOWN since Dec 4th, 2018 at 13.68

intermediate term up The intermediate term trend has been UP since Feb 15th, 2019 at 13.89

short term up 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).

-60
Smart Scan Analysis for USDNAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.48 14.48 14.48 14.48 0.00
Prev. Close Volume Bid Ask Time
14.48 14.46 14.50 2019-03-15 14:02:43
Want to analyze US Dollar/Namibian Dollar USDNAD or another symbol? Try our Free Forex Trend Analysis Report.