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Forex Trend Analysis Report

Prepared for you on Wednesday, August 21, 2019.

US Dollar/Namibian Dollar (FOREX:USDNAD)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management 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
15.08 15.08 15.08 15.08 0.00
Entry Signal

MarketClub’s Trade Triangles for USDNAD

long term up The long term trend has been UP since Aug 7th, 2019 at 15.010

intermediate term up The intermediate term trend has been UP since Jul 26th, 2019 at 14.180

short term up The short term trend has been UP since Jul 25th, 2019 at 13.945

Smart Scan Analysis for USDNAD

Based on a pre-defined weighted trend formula for chart analysis, USDNAD scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+80
Smart Scan Analysis for USDNAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
15.08 15.08 15.08 15.08 0.00
Prev. Close Volume Bid Ask Time
15.26 15.07 15.09 2019-08-08 11:49:37
Want to analyze US Dollar/Namibian Dollar USDNAD or another symbol? Try our Free Forex Trend Analysis Report.