Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
Moroccan Dirham/Euro (FOREX:MADEUR)
Sidelines Mode (+55) - MADEUR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid MADEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for MADEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MADEUR
The long-term trend has been UP since Jun 17th, 2021 at 0.09417504
The intermediate-term trend has been UP since Sep 21st, 2021 at 0.09482763
The short-term trend has been DOWN since Oct 15th, 2021 at 0.09541182
Smart Scan Analysis for MADEUR
Based on our trend formula, MADEUR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).