Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, May 23, 2022.

Euro/Moroccan Dirham (FOREX:EURMAD)

Bear Market Rally (-75) - EURMAD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURMAD as it may be in the beginning of a reversal.

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
10.5939 10.5939 10.5939 10.5939 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURMAD

long term down The long-term trend has been DOWN since May 2nd, 2022 at 10.5736

intermediate term down The intermediate-term trend has been DOWN since Mar 31st, 2022 at 10.7292

short term up The short-term trend has been UP since May 5th, 2022 at 10.5248

Smart Scan Analysis for EURMAD

Based on our trend formula, EURMAD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for EURMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.5939 10.5939 10.5939 10.5939 0.0000
Prev. Close Volume Bid Ask Time
10.5939 2022-05-19 07:25:40
Get a free daily analysis and signals for Euro/Moroccan Dirham (EURMAD) - Request Your Free Report.