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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.

FOREX_MADEUR
Open High Low MADEUR Price Change
0.0922957 0.0922957 0.0922957 0.0922957 0.0000000
Entry Signal

MarketClub’s Trade Triangles for MADEUR

long term up The long-term trend has been UP since Oct 1st, 2020 at 0.09191527

intermediate term down The intermediate-term trend has been DOWN since Oct 21st, 2020 at 0.09219945

short term down 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).

-60
Smart Scan Analysis for MADEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0922957 0.0922957 0.0922957 0.0922957 0.0000000
Prev. Close Volume Bid Ask Time
0.0924708 2020-10-22 07:29:58
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