Forex Trend Analysis Report
Prepared for you on Tuesday, January 23, 2018.
Euro/Mauritius Rupee (FOREX:EURMUR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for EURMUR
The long term trend has been UP since May 16th, 2017 at 38.5900
The intermediate term trend has been UP since Dec 13th, 2017 at 40.3800
The short term trend has been DOWN since Jan 18th, 2018 at 40.1368
Smart Scan Analysis for EURMUR
Based on a pre-defined weighted trend formula for chart analysis, EURMUR scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).