Forex Trend Analysis Report
Prepared for you on Friday, June 2, 2023.
Euro/Namibian Dollar (FOREX:EURNAD)
Bull Market Weakness (+75) - EURNAD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on EURNAD as it may be in the beginning stages 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 UP since Jun 29th, 2022 at 16.9364
The intermediate-term trend has been UP since Apr 11th, 2023 at 19.7096
The short-term trend has been UP since Apr 27th, 2023 at 19.9864
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).