Forex Trend Analysis Report
Prepared for you on Monday, November 30, 2020.
Euro/Moroccan Dirham (FOREX:EURMAD)
Sidelines Mode (+50) - EURMAD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until EURMAD can gain momentum.
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 Oct 1st, 2020 at 10.8917
The intermediate-term trend has been UP since Nov 17th, 2020 at 10.8071
The short-term trend has been UP since Nov 17th, 2020 at 10.8071
Smart Scan Analysis for EURMAD
Based on our trend formula, EURMAD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).