Free Daily Analysis

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.

FOREX_NPREUR
Open High Low NPREUR Price Change
0.00711716 0.00712629 0.00711716 0.00712629 +0.00000900
Entry Signal

MarketClub’s Trade Triangles for NPREUR

long term down The long-term trend has been DOWN since Jul 15th, 2020 at 0.00731155

intermediate term down The intermediate-term trend has been DOWN since Jul 15th, 2020 at 0.00731155

short term down 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).

-90
Smart Scan Analysis for NPREUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00711716 0.00712629 0.00711716 0.00712629 +0.00000900
Prev. Close Volume Bid Ask Time
0.00711716 0.00703997 0.00721261 2020-07-29 07:31:54
Get a free daily analysis and signals for Nepalese Rupee/Euro (NPREUR) - Request Your Free Report.