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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Euro/Mauritanian Ouguiya (FOREX:EURMRU)
Weak Downtrend (-65) - EURMRU is showing signs of a strengthening downtrend. Monitor EURMRU as it may be building momentum to the downside.
Is it time to buy, sell, or avoid EURMRU?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURMRU.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for EURMRU
The long-term trend has been DOWN since Apr 17th, 2024 at 42.520
The intermediate-term trend has been DOWN since Mar 28th, 2024 at 43.154
The short-term trend has been UP since May 2nd, 2024 at 42.417
Smart Scan Analysis for EURMRU
Based on our trend formula, EURMRU is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
-65
Strong Downtrend
Sideways
Strong Uptrend
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 42.607 | 42.607 | 42.607 | 42.607 | 0.000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 42.872 | 2024-05-06 01:56:05 |
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