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Forex Trend Analysis Report

Prepared for you on Monday, June 1, 2020.

Euro/Moroccan Dirham (FOREX:EURMAD)

Sidelines Mode (+55) - EURMAD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid EURMAD?

MarketClub looks at technical strength and momentum to determine if the timing is right for EURMAD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EURMAD
Open High Low EURMAD Price Change
10.7583 10.7583 10.7583 10.7583 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURMAD

long term up The long-term trend has been UP since Mar 9th, 2020 at 10.7424

intermediate term down The intermediate-term trend has been DOWN since Apr 24th, 2020 at 10.9284

short term up The short-term trend has been UP since May 18th, 2020 at 10.6741

Smart Scan Analysis for EURMAD

Based on our trend formula, EURMAD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for EURMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.7583 10.7583 10.7583 10.7583 0.0000
Prev. Close Volume Bid Ask Time
10.8885 10.4183 11.0983 2020-05-25 21:04:34
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