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Forex Trend Analysis Report
Prepared for you on Saturday, April 20, 2024.
US Dollar/Mauritanian Ouguiya (FOREX:USDMRU)
Sidelines Mode (+50) - USDMRU is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until USDMRU can gain momentum.
Is it time to buy, sell, or avoid USDMRU?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDMRU.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for USDMRU
The long-term trend has been DOWN since Feb 15th, 2024 at 39.043562
The intermediate-term trend has been UP since Apr 10th, 2024 at 40.050000
The short-term trend has been UP since Apr 19th, 2024 at 39.675000
Smart Scan Analysis for USDMRU
Based on our trend formula, USDMRU is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 39.592354 | 39.725000 | 39.592354 | 39.700000 | +0.107646 |
| Prev. Close | Volume | Bid | Ask | Time |
| 39.592354 | 2024-04-19 12:20:40 |