Forex Trend Analysis Report
Prepared for you on Saturday, April 17, 2021.
Namibian Dollar/Euro (FOREX:NADEUR)
Countertrend Up (+85) - NADEUR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Nov 2nd, 2020 at 0.05242484
The intermediate-term trend has been UP since Mar 21st, 2021 at 0.05639325
The short-term trend has been UP since Apr 16th, 2021 at 0.05823393
Smart Scan Analysis for NADEUR
Based on our trend formula, NADEUR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).