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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Euro/Moroccan Dirham (FOREX:EURMAD)

Weak Downtrend (-65) - EURMAD is showing signs of a strengthening downtrend. Monitor EURMAD as it may be building momentum to the downside.

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
10.9558 10.9558 10.9558 10.9558 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURMAD

long term down The long-term trend has been DOWN since Feb 5th, 2024 at 10.8278

intermediate term up The intermediate-term trend has been UP since Feb 19th, 2024 at 10.8670

short term down The short-term trend has been DOWN since Mar 18th, 2024 at 10.9652

Smart Scan Analysis for EURMAD

Based on our trend formula, EURMAD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for EURMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.9558 10.9558 10.9558 10.9558 0.0000
Prev. Close Volume Bid Ask Time
10.9558 2024-03-18 22:07:01
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