Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Moroccan Dirham/Euro (FOREX:MADEUR)
Long-Term Uptrend (+90) - MADEUR is in a strong uptrend that is likely to continue. While MADEUR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid MADEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for MADEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for MADEUR
The long-term trend has been UP since Feb 5th, 2024 at 0.09244602
The intermediate-term trend has been UP since Mar 29th, 2024 at 0.09187892
The short-term trend has been UP since May 1st, 2024 at 0.09237165
Smart Scan Analysis for MADEUR
Based on our trend formula, MADEUR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.09270423 | 0.09270423 | 0.09270423 | 0.09270423 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.09273005 | 2024-05-07 21:05:08 |