Forex Trend Analysis Report
Prepared for you on Friday, December 15, 2017.
Mauritius Rupee/Euro (FOREX:MUREUR)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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 MUREUR
The long term trend has been DOWN since Aug 11th, 2017 at 0.025535
The intermediate term trend has been DOWN since Dec 14th, 2017 at 0.024800
The short term trend has been DOWN since Dec 11th, 2017 at 0.025030
Smart Scan Analysis for MUREUR
Based on a pre-defined weighted trend formula for chart analysis, MUREUR scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).