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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
US Dollar/Mauritius Rupee (FOREX:USDMUR)
Sidelines Mode (-55) - USDMUR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid USDMUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDMUR.
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 USDMUR
The long-term trend has been UP since Apr 15th, 2024 at 47.39
The intermediate-term trend has been DOWN since May 5th, 2024 at 46.21
The short-term trend has been UP since May 8th, 2024 at 46.37
Smart Scan Analysis for USDMUR
Based on our trend formula, USDMUR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 46.233363 | 46.390000 | 46.175495 | 46.184449 | -0.048914 |
| Prev. Close | Volume | Bid | Ask | Time |
| 46.233363 | 2024-05-09 04:16:51 |