Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Euro/Namibian Dollar (FOREX:EURNAD)
Bear Market Rally (-75) - EURNAD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURNAD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid EURNAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURNAD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for EURNAD
The long-term trend has been DOWN since Apr 2nd, 2024 at 20.2607
The intermediate-term trend has been DOWN since Apr 29th, 2024 at 20.1056
The short-term trend has been UP since May 8th, 2024 at 19.8875
Smart Scan Analysis for EURNAD
Based on our trend formula, EURNAD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 19.999 | 19.999 | 19.999 | 19.999 | 0.000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 19.999 | 2024-05-08 21:02:47 |