Forex Trend Analysis Report
Prepared for you on Tuesday, March 21, 2023.
Moroccan Dirham/Euro (FOREX:MADEUR)
Countertrend Down (-85) - MADEUR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 DOWN since Sep 12th, 2022 at 0.09383271
The intermediate-term trend has been DOWN since Jan 29th, 2023 at 0.09067558
The short-term trend has been UP since Mar 8th, 2023 at 0.09073075
Smart Scan Analysis for MADEUR
Based on our trend formula, MADEUR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).