Forex Trend Analysis Report
Prepared for you on Thursday, February 27, 2020.
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 May 7th, 2018 at 9.7718
The intermediate-term trend has been DOWN since Jan 12th, 2020 at 8.8824
The short-term trend has been UP since Feb 25th, 2020 at 8.6715
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).