Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, December 1, 2020.

Euro/Mauritanian Ouguiya (FOREX:EURMRU)

Countertrend Up (+85) - EURMRU is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
45.881 45.881 45.881 45.881 0.000
Entry Signal

MarketClub’s Trade Triangles for EURMRU

long term up The long-term trend has been UP since Nov 30th, 2020 at 45.759

intermediate term up The intermediate-term trend has been UP since Nov 16th, 2020 at 45.333

short term up The short-term trend has been UP since Nov 15th, 2020 at 45.248

Smart Scan Analysis for EURMRU

Based on our trend formula, EURMRU is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for EURMRU
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
45.881 45.881 45.881 45.881 0.000
Prev. Close Volume Bid Ask Time
45.881 2020-12-01 07:19:21
Get a free daily analysis and signals for Euro/Mauritanian Ouguiya (EURMRU) - Request Your Free Report.