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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.
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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 UP since Dec 23rd, 2024 at 19.1286
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).
| 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 |