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Forex Trend Analysis Report

Prepared for you on Wednesday, May 27, 2020.

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
19.1803 19.1803 19.1803 19.1803 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURNAD

long term up The long-term trend has been UP since Mar 4th, 2020 at 16.8022

intermediate term down The intermediate-term trend has been DOWN since May 3rd, 2020 at 20.0939

short term down The short-term trend has been DOWN since May 20th, 2020 at 19.9610

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
19.1803 19.1803 19.1803 19.1803 0.0000
Prev. Close Volume Bid Ask Time
19.1803 18.9503 19.4103 2020-05-25 21:04:36
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