Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
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, SHORTSYMBOL 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.
MarketClub’s Trade Triangles for EURMRU
The long-term trend has been DOWN since Dec 10th, 2020 at 44.882
The intermediate-term trend has been DOWN since Jan 25th, 2021 at 44.209
The short-term trend has been DOWN since Feb 18th, 2021 at 43.662
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).