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.
MarketClub’s Trade Triangles for EURMAD
The long-term trend has been DOWN since Mar 3rd, 2021 at 10.7777
The intermediate-term trend has been DOWN since Feb 7th, 2021 at 10.7911
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).