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Forex Trend Analysis Report

Prepared for you on Tuesday, July 5, 2022.

Euro/Mauritanian Ouguiya (FOREX:EURMRU)

Strong Downtrend (-100) - EURMRU is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, EURMRU continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid EURMRU?

MarketClub looks at technical strength and momentum to determine if the timing is right for EURMRU.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EURMRU
Open High Low EURMRU Price Change
37.806 37.806 37.806 37.806 0.000
Entry Signal

MarketClub’s Trade Triangles for EURMRU

long term down The long-term trend has been DOWN since Aug 9th, 2021 at 42.530

intermediate term down The intermediate-term trend has been DOWN since Jun 14th, 2022 at 38.964

short term down The short-term trend has been DOWN since Jun 14th, 2022 at 38.964

Smart Scan Analysis for EURMRU

Based on our trend formula, EURMRU is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for EURMRU
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
37.806 37.806 37.806 37.806 0.000
Prev. Close Volume Bid Ask Time
37.806 2022-06-30 07:21:48
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