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.
MarketClub’s Trade Triangles for EURMAD
The long-term trend has been UP since Sep 12th, 2022 at 10.6681
The intermediate-term trend has been UP since Jan 29th, 2023 at 11.0388
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).