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Forex Trend Analysis Report

Prepared for you on Friday, September 22, 2023.

US Dollar/Namibian Dollar (FOREX:USDNAD)

Bear Market Rally (-75) - USDNAD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDNAD as it may be in the beginning 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.

Open High Low USDNAD Price Change
19.02 19.02 18.93 18.93 -0.09
Entry Signal

MarketClub’s Trade Triangles for USDNAD

long term down The long-term trend has been DOWN since Jul 18th, 2023 at 18.04

intermediate term up The intermediate-term trend has been UP since Aug 1st, 2023 at 17.97

short term down The short-term trend has been DOWN since Sep 8th, 2023 at 19.16

Smart Scan Analysis for USDNAD

Based on our trend formula, USDNAD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for USDNAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
19.02 19.02 18.93 18.93 -0.09
Prev. Close Volume Bid Ask Time
19.02 2023-09-19 16:34:43
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