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.
MarketClub’s Trade Triangles for EURNAD
The long-term trend has been DOWN since Nov 2nd, 2020 at 19.0777
The intermediate-term trend has been DOWN since Mar 21st, 2021 at 17.7356
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).