Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, April 19, 2024.
Euro/Moroccan Dirham (FOREX:EURMAD)
Long-Term Downtrend (-90) - EURMAD is in a strong downtrend that is likely to continue. While EURMAD 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 EURMAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURMAD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for EURMAD
The long-term trend has been DOWN since Feb 5th, 2024 at 10.8278
The intermediate-term trend has been DOWN since Mar 29th, 2024 at 10.8945
The short-term trend has been DOWN since Mar 18th, 2024 at 10.9652
Smart Scan Analysis for EURMAD
Based on our trend formula, EURMAD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 10.8165 | 10.8165 | 10.8165 | 10.8165 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 10.7862 | 2024-04-18 07:26:27 |