Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
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.
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 Feb 3rd, 2021 at 17.9691
The short-term trend has been UP since Feb 23rd, 2021 at 17.8261
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).