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.
MarketClub’s Trade Triangles for EURMAD
The long-term trend has been DOWN since May 2nd, 2022 at 10.5736
The intermediate-term trend has been DOWN since Mar 31st, 2022 at 10.7292
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).