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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.

FOREX_USDMUR
Open High Low USDMUR Price Change
34.1285 34.3840 34.1285 34.1385 +0.0100
Entry Signal

MarketClub’s Trade Triangles for USDMUR

long term down The long term trend has been DOWN since Dec 19th, 2018 at 34.0985

intermediate term down The intermediate term trend has been DOWN since Nov 23rd, 2018 at 34.2920

short term up 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).

-85
Smart Scan Analysis for USDMUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
34.1285 34.3840 34.1285 34.1385 +0.0100
Prev. Close Volume Bid Ask Time
34.1285 32.8190 35.4580 2019-01-22 15:09:33
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