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Forex Trend Analysis Report

Prepared for you on Monday, April 15, 2024.

Euro/Namibian Dollar (FOREX:EURNAD)

Strong Downtrend (-100) - EURNAD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, EURNAD continues to fall. 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
20.0222 20.0222 20.0222 20.0222 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURNAD

long term down The long-term trend has been DOWN since Apr 2nd, 2024 at 20.2607

intermediate term down The intermediate-term trend has been DOWN since Mar 12th, 2024 at 20.4708

short term down The short-term trend has been DOWN since Apr 2nd, 2024 at 20.4869

Smart Scan Analysis for EURNAD

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

-100
Smart Scan Analysis for EURNAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
20.0222 20.0222 20.0222 20.0222 0.0000
Prev. Close Volume Bid Ask Time
20.0222 2024-04-13 18:02:06
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