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Forex Trend Analysis Report

Prepared for you on Thursday, April 18, 2024.

Euro/Mauritanian Ouguiya (FOREX:EURMRU)

Long-Term Downtrend (-90) - EURMRU is in a strong downtrend that is likely to continue. While EURMRU is showing intraday strength, it remains in the confines of a bearish trend. 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
42.267 42.267 42.267 42.267 0.000
Entry Signal

MarketClub’s Trade Triangles for EURMRU

long term down The long-term trend has been DOWN since Apr 17th, 2024 at 42.520

intermediate term down The intermediate-term trend has been DOWN since Mar 28th, 2024 at 43.154

short term down The short-term trend has been DOWN since Apr 11th, 2024 at 42.841

Smart Scan Analysis for EURMRU

Based on our trend formula, EURMRU is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for EURMRU
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
42.267 42.267 42.267 42.267 0.000
Prev. Close Volume Bid Ask Time
42.267 2024-04-18 07:26:28
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