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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Euro/Maldivian Rufiyaa (FOREX:EURMVR)
Crossroads (+60) - EURMVR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid EURMVR?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURMVR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for EURMVR
The long-term trend has been DOWN since Apr 12th, 2024 at 16.446664
The intermediate-term trend has been UP since May 6th, 2024 at 16.638147
The short-term trend has been UP since May 3rd, 2024 at 16.526981
Smart Scan Analysis for EURMVR
Based on our trend formula, EURMVR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 16.648169 | 16.648169 | 16.647995 | 16.647995 | -0.000174 |
| Prev. Close | Volume | Bid | Ask | Time |
| 16.608457 | 2024-05-07 12:42:30 |