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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.
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MarketClub’s Trade Triangles for EURMAD
The long-term trend has been DOWN since Jun 17th, 2021 at 10.6294
The intermediate-term trend has been DOWN since Sep 21st, 2021 at 10.5564
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).
| 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 |