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Forex Trend Analysis Report
Prepared for you on Monday, March 27, 2023.
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.
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MarketClub’s Trade Triangles for EURMRU
The long-term trend has been DOWN since Mar 6th, 2023 at 38.456
The intermediate-term trend has been DOWN since Dec 25th, 2022 at 39.816
The short-term trend has been DOWN since Mar 6th, 2023 at 38.575
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 36.588 | 36.588 | 36.588 | 36.588 | 0.000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 36.588 | 2023-03-18 03:55:54 |