Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
Euro/Macau Pataca (FOREX:EURMOP)
Countertrend Down (-85) - EURMOP 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 EURMOP?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURMOP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURMOP
The long-term trend has been DOWN since Aug 9th, 2021 at 9.4244
The intermediate-term trend has been DOWN since Sep 22nd, 2021 at 9.4340
The short-term trend has been UP since Oct 14th, 2021 at 9.2697
Smart Scan Analysis for EURMOP
Based on our trend formula, EURMOP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).