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Forex Trend Analysis Report

Prepared for you on Tuesday, October 26, 2021.

Euro/Moroccan Dirham (FOREX:EURMAD)

Countertrend Down (-85) - EURMAD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.

FOREX_EURMAD
Open High Low EURMAD Price Change
10.5211 10.5211 10.5211 10.5211 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURMAD

long term down The long-term trend has been DOWN since Jun 17th, 2021 at 10.6294

intermediate term down The intermediate-term trend has been DOWN since Sep 21st, 2021 at 10.5564

short term up The short-term trend has been UP since Oct 15th, 2021 at 10.4919

Smart Scan Analysis for EURMAD

Based on our trend formula, EURMAD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for EURMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.5211 10.5211 10.5211 10.5211 0.0000
Prev. Close Volume Bid Ask Time
10.5211 2021-10-23 18:50:31
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