Forex Trend Analysis Report
Prepared for you on Tuesday, January 22, 2019.
US Dollar/Mauritius Rupee (FOREX:USDMUR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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.
MarketClub’s Trade Triangles for USDMUR
The long term trend has been DOWN since Dec 19th, 2018 at 34.0985
The intermediate term trend has been DOWN since Nov 23rd, 2018 at 34.2920
The short term trend has been UP since Jan 16th, 2019 at 34.2925
Smart Scan Analysis for USDMUR
Based on a pre-defined weighted trend formula for chart analysis, USDMUR scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).