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Forex Trend Analysis Report

Prepared for you on Thursday, April 18, 2024.

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.

FOREX_EURNAD
Open High Low EURNAD Price Change
20.3315 20.3315 20.3315 20.3315 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 down The intermediate-term trend has been DOWN since Mar 12th, 2024 at 20.4708

short term up The short-term trend has been UP since Apr 18th, 2024 at 20.2523

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).

-75
Smart Scan Analysis for EURNAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
20.3315 20.3315 20.3315 20.3315 0.0000
Prev. Close Volume Bid Ask Time
20.3315 2024-04-18 07:26:30
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