Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Tuesday, December 1, 2020.
Euro/Namibian Dollar (FOREX:EURNAD)
Long-Term Downtrend (-90) - EURNAD is in a strong downtrend that is likely to continue. While EURNAD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for EURNAD
The long-term trend has been DOWN since Nov 2nd, 2020 at 19.0777
The intermediate-term trend has been DOWN since Aug 27th, 2020 at 20.3585
The short-term trend has been DOWN since Aug 21st, 2020 at 20.6280
Smart Scan Analysis for EURNAD
Based on our trend formula, EURNAD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 18.1838 | 18.1838 | 18.1838 | 18.1838 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 18.3307 | 2020-11-27 07:13:59 |