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Forex Trend Analysis Report

Prepared for you on Sunday, March 7, 2021.

Euro/Moroccan Dirham (FOREX:EURMAD)

Long-Term Downtrend (-90) - EURMAD is in a strong downtrend that is likely to continue. While EURMAD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
10.7754 10.7754 10.7754 10.7754 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURMAD

long term down The long-term trend has been DOWN since Mar 3rd, 2021 at 10.7777

intermediate term down The intermediate-term trend has been DOWN since Feb 7th, 2021 at 10.7911

short term down The short-term trend has been DOWN since Feb 22nd, 2021 at 10.8241

Smart Scan Analysis for EURMAD

Based on our trend formula, EURMAD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for EURMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.7754 10.7754 10.7754 10.7754 0.0000
Prev. Close Volume Bid Ask Time
10.7754 2021-03-03 07:30:01
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