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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.

FOREX_EURNAD
Open High Low EURNAD Price Change
18.1838 18.1838 18.1838 18.1838 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURNAD

long term down The long-term trend has been DOWN since Nov 2nd, 2020 at 19.0777

intermediate term down The intermediate-term trend has been DOWN since Aug 27th, 2020 at 20.3585

short term down 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).

-90
Smart Scan Analysis for EURNAD
Strong Downtrend Sideways 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
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