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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

Maldivian Rufiyaa/US Dollar (FOREX:MVRUSD)

Strong Downtrend (-100) - MVRUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, MVRUSD continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid MVRUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for MVRUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MVRUSD
Open High Low MVRUSD Price Change
0.06471428 0.06471428 0.06471428 0.06471428 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MVRUSD

long term down The long-term trend has been DOWN since Nov 15th, 2023 at 0.06466783

intermediate term down The intermediate-term trend has been DOWN since Feb 21st, 2024 at 0.06489908

short term down The short-term trend has been DOWN since Feb 21st, 2024 at 0.06504495

Smart Scan Analysis for MVRUSD

Based on our trend formula, MVRUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for MVRUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.06471428 0.06471428 0.06471428 0.06471428 0.00000000
Prev. Close Volume Bid Ask Time
0.06471428 2024-03-27 15:36:04
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