Forex Trend Analysis Report
Prepared for you on Monday, June 1, 2020.
Euro/Moroccan Dirham (FOREX:EURMAD)
Sidelines Mode (+55) - EURMAD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for EURMAD
The long-term trend has been UP since Mar 9th, 2020 at 10.7424
The intermediate-term trend has been DOWN since Apr 24th, 2020 at 10.9284
The short-term trend has been UP since May 18th, 2020 at 10.6741
Smart Scan Analysis for EURMAD
Based on our trend formula, EURMAD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).