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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.

FOREX_EURMAD
Open High Low EURMAD Price Change
10.6533 10.6533 10.6533 10.6533 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURMAD

long term up The long term trend has been UP since Nov 4th, 2019 at 10.7210

intermediate term down The intermediate term trend has been DOWN since Nov 10th, 2019 at 10.6911

short term down 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).

-60
Smart Scan Analysis for EURMAD
Strong Downtrend Sideways 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
Want to analyze Euro/Moroccan Dirham EURMAD or another symbol? Try our Free Forex Trend Analysis Report.