Forex Trend Analysis Report
Prepared for you on Saturday, January 22, 2022.
Moroccan Dirham/Euro (FOREX:MADEUR)
Strong Downtrend (-100) - MADEUR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, MADEUR continues to fall. Traders should use caution and set stops.
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 DOWN since Jan 13th, 2022 at 0.09501343
The intermediate-term trend has been DOWN since Dec 26th, 2021 at 0.09561730
The short-term trend has been DOWN since Jan 12th, 2022 at 0.09519089
Smart Scan Analysis for MADEUR
Based on our trend formula, MADEUR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).