Forex Trend Analysis Report
Prepared for you on Thursday, August 6, 2020.
Nepalese Rupee/Euro (FOREX:NPREUR)
Long-Term Downtrend (-90) - NPREUR is in a strong downtrend that is likely to continue. While NPREUR 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 NPREUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for NPREUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NPREUR
The long-term trend has been DOWN since Jul 15th, 2020 at 0.00731155
The intermediate-term trend has been DOWN since Jul 15th, 2020 at 0.00731155
The short-term trend has been DOWN since Jul 8th, 2020 at 0.00740260
Smart Scan Analysis for NPREUR
Based on our trend formula, NPREUR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).