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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
British Pound/Maldivian Rufiyaa (FOREX:GBPMVR)
Crossroads (+60) - GBPMVR 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 GBPMVR?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPMVR.
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 GBPMVR
The long-term trend has been DOWN since Apr 12th, 2024 at 19.275444
The intermediate-term trend has been UP since May 6th, 2024 at 19.405046
The short-term trend has been UP since May 3rd, 2024 at 19.355324
Smart Scan Analysis for GBPMVR
Based on our trend formula, GBPMVR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 19.394198 | 19.394198 | 19.365955 | 19.365955 | -0.028243 |
| Prev. Close | Volume | Bid | Ask | Time |
| 19.311026 | 2024-05-07 12:42:30 |