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Forex Trend Analysis Report

Prepared for you on Tuesday, April 23, 2019.

Euro/Moroccan Dirham (FOREX:EURMAD)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

FOREX_EURMAD
Open High Low EURMAD Price Change
10.802 10.809 10.802 10.809 +0.007
Entry Signal

MarketClub’s Trade Triangles for EURMAD

long term down The long term trend has been DOWN since Feb 12th, 2019 at 10.751

intermediate term down The intermediate term trend has been DOWN since Apr 18th, 2019 at 10.829

short term down The short term trend has been DOWN since Apr 16th, 2019 at 10.842

Smart Scan Analysis for EURMAD

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

-100
Smart Scan Analysis for EURMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.802 10.809 10.802 10.809 +0.007
Prev. Close Volume Bid Ask Time
10.802 10.509 11.109 2019-04-23 06:51:56
Want to analyze Euro/Moroccan Dirham EURMAD or another symbol? Try our Free Forex Trend Analysis Report.