Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
Moroccan Dirham/Euro (FOREX:MADEUR)
Bear Market Rally (-75) - MADEUR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MADEUR as it may be in the beginning of a reversal.
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 Nov 6th, 2023 at 0.09101095
The intermediate-term trend has been DOWN since Oct 29th, 2023 at 0.09230337
The short-term trend has been UP since Dec 3rd, 2023 at 0.09076455
Smart Scan Analysis for MADEUR
Based on our trend formula, MADEUR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).