Forex Trend Analysis Report
Prepared for you on Sunday, May 9, 2021.
Moroccan Dirham/Euro (FOREX:MADEUR)
Weak Downtrend (-65) - MADEUR is showing signs of a strengthening downtrend. Monitor MADEUR as it may be building momentum to the downside.
Is it time to buy, sell, or avoid MADEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for MADEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MADEUR
The long-term trend has been UP since Mar 3rd, 2021 at 0.09287660
The intermediate-term trend has been DOWN since Apr 18th, 2021 at 0.09362254
The short-term trend has been DOWN since Apr 6th, 2021 at 0.09417504
Smart Scan Analysis for MADEUR
Based on our trend formula, MADEUR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).