Forex Trend Analysis Report
Prepared for you on Thursday, July 7, 2022.
Euro/Nepalese Rupee (FOREX:EURNPR)
Countertrend Down (-85) - EURNPR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 Aug 9th, 2021 at 140.292
The intermediate-term trend has been DOWN since Jun 10th, 2022 at 132.246
The short-term trend has been UP since Jun 29th, 2022 at 131.357
Smart Scan Analysis for EURNPR
Based on our trend formula, EURNPR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).