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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.

FOREX_NADEUR
Open High Low NADEUR Price Change
0.05189156 0.05189156 0.05189156 0.05189156 0.00000000
Entry Signal

MarketClub’s Trade Triangles for NADEUR

long term down The long-term trend has been DOWN since Aug 12th, 2020 at 0.05106183

intermediate term up The intermediate-term trend has been UP since Aug 27th, 2020 at 0.04912580

short term up 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).

+50
Smart Scan Analysis for NADEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05189156 0.05189156 0.05189156 0.05189156 0.00000000
Prev. Close Volume Bid Ask Time
0.05189156 2020-10-22 07:30:01
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