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Forex Trend Analysis Report

Prepared for you on Wednesday, January 23, 2019.

Euro/Moroccan Dirham (FOREX:EURMAD)

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

Open High Low EURMAD Price Change
10.866 10.887 10.865 10.886 +0.020
Entry Signal

MarketClub’s Trade Triangles for EURMAD

long term up The long term trend has been UP since Jan 2nd, 2019 at 10.956

intermediate term up The intermediate term trend has been UP since Dec 13th, 2018 at 10.834

short term down The short term trend has been DOWN since Jan 22nd, 2019 at 10.868

Smart Scan Analysis for EURMAD

Based on a pre-defined weighted trend formula for chart analysis, EURMAD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for EURMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.866 10.887 10.865 10.886 +0.020
Prev. Close Volume Bid Ask Time
10.866 10.586 11.186 2019-01-23 23:12:14
Want to analyze Euro/Moroccan Dirham EURMAD or another symbol? Try our Free Forex Trend Analysis Report.