Forex Trend Analysis Report
Prepared for you on Tuesday, September 18, 2018.
US Dollar/Mauritius Rupee (FOREX:USDMUR)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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.
MarketClub’s Trade Triangles for USDMUR
The long term trend has been UP since Apr 4th, 2018 at 33.7245
The intermediate term trend has been DOWN since Aug 26th, 2018 at 34.1495
The short term trend has been DOWN since Sep 12th, 2018 at 34.2450
Smart Scan Analysis for USDMUR
Based on a pre-defined weighted trend formula for chart analysis, USDMUR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).