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Forex Trend Analysis Report

Prepared for you on Monday, May 17, 2021.

Euro/Namibian Dollar (FOREX:EURNAD)

Long-Term Downtrend (-90) - EURNAD is in a strong downtrend that is likely to continue. While EURNAD 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 EURNAD?

MarketClub looks at technical strength and momentum to determine if the timing is right for EURNAD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EURNAD
Open High Low EURNAD Price Change
16.9909 16.9909 16.9909 16.9909 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURNAD

long term down The long-term trend has been DOWN since Nov 2nd, 2020 at 19.0777

intermediate term down The intermediate-term trend has been DOWN since Mar 21st, 2021 at 17.7356

short term down The short-term trend has been DOWN since Apr 16th, 2021 at 17.1752

Smart Scan Analysis for EURNAD

Based on our trend formula, EURNAD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for EURNAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
16.9909 16.9909 16.9909 16.9909 0.0000
Prev. Close Volume Bid Ask Time
17.1047 2021-05-11 17:23:05
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