Forex Trend Analysis Report
Prepared for you on Tuesday, June 6, 2023.
Namibian Dollar/Euro (FOREX:NADEUR)
Bear Market Rally (-75) - NADEUR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on NADEUR as it may be in the beginning of a reversal.
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 Jun 29th, 2022 at 0.05905532
The intermediate-term trend has been DOWN since Apr 11th, 2023 at 0.05074361
The short-term trend has been UP since Jun 5th, 2023 at 0.04777723
Smart Scan Analysis for NADEUR
Based on our trend formula, NADEUR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).