Forex Trend Analysis Report
Prepared for you on Sunday, October 25, 2020.
Namibian Dollar/Euro (FOREX:NADEUR)
Sidelines Mode (+50) - NADEUR is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until NADEUR can gain momentum.
Is it time to buy, sell, or avoid NADEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for NADEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NADEUR
The long-term trend has been DOWN since Aug 12th, 2020 at 0.05106183
The intermediate-term trend has been UP since Aug 27th, 2020 at 0.04912580
The short-term trend has been UP since Aug 21st, 2020 at 0.04848383
Smart Scan Analysis for NADEUR
Based on our trend formula, NADEUR is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).