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Forex Trend Analysis Report

Prepared for you on Tuesday, February 7, 2023.

Euro/Moroccan Dirham (FOREX:EURMAD)

Countertrend Up (+85) - EURMAD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
11.107 11.107 11.107 11.107 0.000
Entry Signal

MarketClub’s Trade Triangles for EURMAD

long term up The long-term trend has been UP since Sep 12th, 2022 at 10.6681

intermediate term up The intermediate-term trend has been UP since Jan 29th, 2023 at 11.0388

short term up The short-term trend has been UP since Jan 29th, 2023 at 11.0388

Smart Scan Analysis for EURMAD

Based on our trend formula, EURMAD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for EURMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.107 11.107 11.107 11.107 0.000
Prev. Close Volume Bid Ask Time
11.107 2023-02-03 07:14:27
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