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Forex Trend Analysis Report
Prepared for you on Wednesday, May 1, 2024.
British Pound/Mauritius Rupee (FOREX:GBPMUR)
Sidelines Mode (-55) - GBPMUR 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 GBPMUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPMUR.
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 GBPMUR
The long-term trend has been UP since Apr 16th, 2024 at 59.697168
The intermediate-term trend has been DOWN since Apr 22nd, 2024 at 57.563905
The short-term trend has been UP since Apr 24th, 2024 at 57.991587
Smart Scan Analysis for GBPMUR
Based on our trend formula, GBPMUR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 58.144640 | 58.421271 | 57.843198 | 57.843198 | -0.301442 |
| Prev. Close | Volume | Bid | Ask | Time |
| 57.885079 | 2024-04-30 23:58:25 |