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.
MarketClub’s Trade Triangles for USDNAD
The long term trend has been UP since Aug 7th, 2019 at 15.010
The intermediate term trend has been UP since Jul 26th, 2019 at 14.180
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).