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Forex Trend Analysis Report

Prepared for you on Wednesday, October 17, 2018.

Mauritius Rupee/US Dollar (FOREX:MURUSD)

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.

FOREX_MURUSD
Open High Low MURUSD Price Change
0.029091 0.029180 0.028993 0.029043 -0.000048
Entry Signal

MarketClub’s Trade Triangles for MURUSD

long term down The long term trend has been DOWN since Apr 4th, 2018 at 0.029755

intermediate term down The intermediate term trend has been DOWN since Oct 1st, 2018 at 0.028968

short term up The short term trend has been UP since Oct 11th, 2018 at 0.029062

Smart Scan Analysis for MURUSD

Based on a pre-defined weighted trend formula for chart analysis, MURUSD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-75
Smart Scan Analysis for MURUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.029091 0.029180 0.028993 0.029043 -0.000048
Prev. Close Volume Bid Ask Time
0.029091 0.028201 0.029886 2018-10-17 14:47:12
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