Forex Trend Analysis Report
Prepared for you on Sunday, December 10, 2023.
Euro/Nepalese Rupee (FOREX:EURNPR)
Bear Market Rally (-75) - EURNPR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURNPR as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid EURNPR?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURNPR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURNPR
The long-term trend has been DOWN since Oct 13th, 2023 at 141.662
The intermediate-term trend has been UP since Oct 19th, 2023 at 140.093
The short-term trend has been DOWN since Dec 6th, 2023 at 144.757
Smart Scan Analysis for EURNPR
Based on our trend formula, EURNPR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).