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.
MarketClub’s Trade Triangles for EURMRU
The long-term trend has been UP since Nov 30th, 2020 at 45.759
The intermediate-term trend has been UP since Nov 16th, 2020 at 45.333
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).