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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.

FOREX_EURMAD
Open High Low EURMAD Price Change
10.8288 10.8288 10.8288 10.8288 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURMAD

long term down The long-term trend has been DOWN since Oct 1st, 2020 at 10.8917

intermediate term up The intermediate-term trend has been UP since Nov 17th, 2020 at 10.8071

short term up 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).

+50
Smart Scan Analysis for EURMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.8288 10.8288 10.8288 10.8288 0.0000
Prev. Close Volume Bid Ask Time
10.8844 2020-11-23 21:07:00
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