Forex Trend Analysis Report
Prepared for you on Friday, August 19, 2022.
Euro/Mauritius Rupee (FOREX:EURMUR)
Crossroads (-60) - EURMUR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid EURMUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURMUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURMUR
The long-term trend has been DOWN since Oct 1st, 2021 at 49.25
The intermediate-term trend has been UP since Aug 2nd, 2022 at 47.02
The short-term trend has been UP since Aug 17th, 2022 at 46.68
Smart Scan Analysis for EURMUR
Based on our trend formula, EURMUR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).