Forex Trend Analysis Report
Prepared for you on Sunday, November 18, 2018.
US Dollar/Mauritius Rupee (FOREX:USDMUR)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 UP since Oct 29th, 2018 at 34.8000
The short term trend has been DOWN since Nov 14th, 2018 at 34.5650
Smart Scan Analysis for USDMUR
Based on a pre-defined weighted trend formula for chart analysis, USDMUR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).