Forex Trend Analysis Report
Prepared for you on Wednesday, October 28, 2020.
Moroccan Dirham/Euro (FOREX:MADEUR)
Crossroads (-60) - MADEUR is struggling to move into a solid trend. Beware of choppy markets 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 Oct 1st, 2020 at 0.09191527
The intermediate-term trend has been DOWN since Oct 21st, 2020 at 0.09219945
The short-term trend has been DOWN since Oct 21st, 2020 at 0.09243661
Smart Scan Analysis for MADEUR
Based on our trend formula, MADEUR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).