Forex Trend Analysis Report
Prepared for you on Monday, May 16, 2022.
Nepalese Rupee/Euro (FOREX:NPREUR)
Sidelines Mode (-55) - NPREUR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Aug 9th, 2021 at 0.00712904
The intermediate-term trend has been DOWN since May 11th, 2022 at 0.00777529
The short-term trend has been UP since Apr 4th, 2022 at 0.00745132
Smart Scan Analysis for NPREUR
Based on our trend formula, NPREUR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).