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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Maldivian Rufiyaa/US Dollar (FOREX:MVRUSD)
Countertrend Up (+85) - MVRUSD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid MVRUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for MVRUSD.
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 MVRUSD
The long-term trend has been UP since May 2nd, 2024 at 0.06516387
The intermediate-term trend has been UP since Apr 9th, 2024 at 0.06473577
The short-term trend has been UP since May 2nd, 2024 at 0.06473577
Smart Scan Analysis for MVRUSD
Based on our trend formula, MVRUSD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.06471428 | 0.06471428 | 0.06471428 | 0.06471428 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.06471537 | 2024-05-07 12:42:30 |