Forex Trend Analysis Report
Prepared for you on Saturday, February 27, 2021.
Euro/Moroccan Dirham (FOREX:EURMAD)
Crossroads (-60) - EURMAD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 UP since Dec 22nd, 2020 at 10.9496
The intermediate-term trend has been DOWN since Feb 7th, 2021 at 10.7911
The short-term trend has been DOWN since Feb 22nd, 2021 at 10.8241
Smart Scan Analysis for EURMAD
Based on our trend formula, EURMAD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).