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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
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.
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MarketClub’s Trade Triangles for EURMRU
The long-term trend has been DOWN since Nov 12th, 2024 at 42.712
The intermediate-term trend has been DOWN since Oct 4th, 2024 at 43.664
The short-term trend has been DOWN since Sep 26th, 2024 at 44.231
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 42.036 | 42.036 | 42.036 | 42.036 | 0.000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 42.036 | 2024-11-19 21:06:21 |