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Forex Trend Analysis Report

Prepared for you on Sunday, April 14, 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.

FOREX_EURMAD
Open High Low EURMAD Price Change
10.7054 10.7054 10.7054 10.7054 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURMAD

long term down The long-term trend has been DOWN since Feb 5th, 2024 at 10.8278

intermediate term down The intermediate-term trend has been DOWN since Mar 29th, 2024 at 10.8945

short term down The short-term trend has been DOWN since Mar 18th, 2024 at 10.9652

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).

-100
Smart Scan Analysis for EURMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.7054 10.7054 10.7054 10.7054 0.0000
Prev. Close Volume Bid Ask Time
10.7054 2024-04-13 14:02:01
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