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Forex Trend Analysis Report

Prepared for you on Saturday, December 7, 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
14.590 14.650 14.590 14.645 +0.055
Entry Signal

MarketClub’s Trade Triangles for USDNAD

long term up The long term trend has been UP since Aug 7th, 2019 at 15.01

intermediate term down The intermediate term trend has been DOWN since Oct 23rd, 2019 at 14.76

short term down The short term trend has been DOWN since Dec 2nd, 2019 at 14.67

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
14.590 14.650 14.590 14.645 +0.055
Prev. Close Volume Bid Ask Time
14.640 14.630 14.660 2019-12-05 17:14:54
Want to analyze US Dollar/Namibian Dollar USDNAD or another symbol? Try our Free Forex Trend Analysis Report.