Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Wednesday, October 20, 2021.

Euro/Namibian Dollar (FOREX:EURNAD)

Weak Downtrend (-65) - EURNAD is showing signs of a strengthening downtrend. Monitor EURNAD as it may be building momentum to the downside.

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.

FOREX_EURNAD
Open High Low EURNAD Price Change
16.9896 16.9896 16.9896 16.9896 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURNAD

long term up The long-term trend has been UP since Jul 27th, 2021 at 17.4148

intermediate term down The intermediate-term trend has been DOWN since Oct 15th, 2021 at 17.2055

short term down The short-term trend has been DOWN since Oct 7th, 2021 at 17.2444

Smart Scan Analysis for EURNAD

Based on our trend formula, EURNAD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for EURNAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
16.9896 16.9896 16.9896 16.9896 0.0000
Prev. Close Volume Bid Ask Time
16.9896 2021-10-19 07:16:42
Get a free daily analysis and signals for Euro/Namibian Dollar (EURNAD) - Request Your Free Report.