Forex Trend Analysis Report
Prepared for you on Thursday, February 27, 2020.
Euro/Nepalese Rupee (FOREX:EURNPR)
Long-Term Downtrend (-90) - EURNPR is in a strong downtrend that is likely to continue. While EURNPR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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 Jan 29th, 2020 at 125.466
The intermediate-term trend has been DOWN since Jan 12th, 2020 at 126.262
The short-term trend has been DOWN since Feb 5th, 2020 at 125.892
Smart Scan Analysis for EURNPR
Based on our trend formula, EURNPR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).