Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
Euro/Nepalese Rupee (FOREX:EURNPR)
Countertrend Up (+85) - EURNPR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Mar 6th, 2020 at 128.700
The intermediate-term trend has been UP since Oct 20th, 2020 at 138.424
The short-term trend has been UP since Nov 27th, 2020 at 141.050
Smart Scan Analysis for EURNPR
Based on our trend formula, EURNPR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).