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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Euro/Moroccan Dirham (FOREX:EURMAD)
Strong Downtrend (-100) - EURMAD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, EURMAD continues to fall. Traders should use caution 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 Nov 12th, 2024 at 10.6932
The intermediate-term trend has been DOWN since Sep 25th, 2024 at 10.8052
The short-term trend has been DOWN since Sep 25th, 2024 at 10.8052
Smart Scan Analysis for EURMAD
Based on our trend formula, EURMAD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 10.5351 | 10.5351 | 10.5351 | 10.5351 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 10.5450 | 2024-11-12 07:25:11 |