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Forex Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
US Dollar/Maldivian Rufiyaa (FOREX:USDMVR)
Bear Market Rally (-75) - USDMVR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDMVR as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid USDMVR?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDMVR.
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 USDMVR
The long-term trend has been DOWN since May 2nd, 2024 at 15.35
The intermediate-term trend has been DOWN since Apr 9th, 2024 at 15.45
The short-term trend has been DOWN since May 2nd, 2024 at 15.45
Smart Scan Analysis for USDMVR
Based on our trend formula, USDMVR is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 15.450 | 15.455 | 15.450 | 15.455 | +0.005 |
| Prev. Close | Volume | Bid | Ask | Time |
| 15.455 | 2024-05-07 12:42:30 |