Forex Trend Analysis Report
Prepared for you on Tuesday, March 20, 2018.
Mauritius Rupee/Euro (FOREX:MUREUR)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 Feb 15th, 2018 at 0.024620
The short term trend has been UP since Mar 12th, 2018 at 0.024595
Smart Scan Analysis for MUREUR
Based on a pre-defined weighted trend formula for chart analysis, MUREUR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).