Forex Trend Analysis Report
Prepared for you on Wednesday, October 20, 2021.
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.
MarketClub’s Trade Triangles for EURNAD
The long-term trend has been UP since Jul 27th, 2021 at 17.4148
The intermediate-term trend has been DOWN since Oct 15th, 2021 at 17.2055
The short-term trend has been DOWN since Oct 7th, 2021 at 17.2444
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).