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Forex Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

Euro/Namibian Dollar (FOREX:EURNAD)

Sidelines Mode (+50) - EURNAD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until EURNAD can gain momentum.

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
19.1655 19.1655 19.1655 19.1655 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURNAD

long term down The long-term trend has been DOWN since Apr 2nd, 2024 at 20.2607

intermediate term up The intermediate-term trend has been UP since Dec 23rd, 2024 at 19.1286

short term up The short-term trend has been UP since Dec 17th, 2024 at 18.8582

Smart Scan Analysis for EURNAD

Based on our trend formula, EURNAD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for EURNAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
19.1655 19.1655 19.1655 19.1655 0.0000
Prev. Close Volume Bid Ask Time
19.3286 2024-12-23 07:25:13
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