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Forex Trend Analysis Report
Prepared for you on Friday, October 11, 2024.
Euro/Namibian Dollar (FOREX:EURNAD)
Strong Downtrend (-100) - EURNAD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, EURNAD continues to fall. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for EURNAD
The long-term trend has been DOWN since Apr 2nd, 2024 at 20.2607
The intermediate-term trend has been DOWN since Sep 17th, 2024 at 19.7240
The short-term trend has been DOWN since Aug 16th, 2024 at 19.8726
Smart Scan Analysis for EURNAD
Based on our trend formula, EURNAD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 19.2659 | 19.2659 | 19.2659 | 19.2659 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 19.2659 | 2024-10-05 07:23:02 |