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Forex Trend Analysis Report

Prepared for you on Monday, May 27, 2024.

Euro/Mauritius Rupee (FOREX:EURMUR)

Sidelines Mode (+55) - EURMUR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.

FOREX_EURMUR
Open High Low EURMUR Price Change
50.20 50.20 49.99 50.13 -0.07
Entry Signal

MarketClub’s Trade Triangles for EURMUR

long term down The long-term trend has been DOWN since Mar 12th, 2024 at 47.34

intermediate term up The intermediate-term trend has been UP since Apr 15th, 2024 at 50.33

short term down The short-term trend has been DOWN since May 23rd, 2024 at 49.64

Smart Scan Analysis for EURMUR

Based on our trend formula, EURMUR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for EURMUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
50.20 50.20 49.99 50.13 -0.07
Prev. Close Volume Bid Ask Time
50.20 2024-05-27 22:37:35
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