Forex Trend Analysis Report
Prepared for you on Friday, December 14, 2018.
Mauritius Rupee/US Dollar (FOREX:MURUSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 MURUSD
The long term trend has been DOWN since Apr 4th, 2018 at 0.029755
The intermediate term trend has been UP since Nov 20th, 2018 at 0.029137
The short term trend has been DOWN since Dec 12th, 2018 at 0.028984
Smart Scan Analysis for MURUSD
Based on a pre-defined weighted trend formula for chart analysis, MURUSD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).