Forex Trend Analysis Report
Prepared for you on Thursday, April 22, 2021.
US Dollar/Namibian Dollar (FOREX:USDNAD)
Strong Downtrend (-100) - USDNAD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for USDNAD
The long-term trend has been DOWN since Apr 16th, 2021 at 14.525
The intermediate-term trend has been DOWN since Mar 22nd, 2021 at 14.750
The short-term trend has been DOWN since Apr 2nd, 2021 at 14.935
Smart Scan Analysis for USDNAD
Based on our trend formula, USDNAD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).