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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.

FOREX_MADEUR
Open High Low MADEUR Price Change
0.09122536 0.09122536 0.09122536 0.09122536 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MADEUR

long term down The long-term trend has been DOWN since Nov 6th, 2023 at 0.09101095

intermediate term down The intermediate-term trend has been DOWN since Oct 29th, 2023 at 0.09230337

short term up 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).

-75
Smart Scan Analysis for MADEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.09122536 0.09122536 0.09122536 0.09122536 0.00000000
Prev. Close Volume Bid Ask Time
0.09128871 2023-12-03 20:55:50
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