Analyze Symbol
Forex Trend Analysis Report
Prepared for you on Saturday, November 16, 2019.
Euro/Moroccan Dirham (FOREX:EURMAD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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.
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MarketClub’s Trade Triangles for EURMAD
The long term trend has been UP since Nov 4th, 2019 at 10.7210
The intermediate term trend has been DOWN since Nov 10th, 2019 at 10.6911
The short term trend has been DOWN since Nov 6th, 2019 at 10.7093
Smart Scan Analysis for EURMAD
Based on a pre-defined weighted trend formula for chart analysis, EURMAD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 10.6533 | 10.6533 | 10.6533 | 10.6533 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 10.6739 | 10.3133 | 10.9933 | 2019-11-14 07:16:11 |