Forex Trend Analysis Report
Prepared for you on Wednesday, March 3, 2021.
Euro/Mauritius Rupee (FOREX:EURMUR)
Countertrend Up (+85) - EURMUR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Nov 25th, 2020 at 47.83
The intermediate-term trend has been UP since Feb 9th, 2021 at 48.45
The short-term trend has been UP since Mar 3rd, 2021 at 48.41
Smart Scan Analysis for EURMUR
Based on our trend formula, EURMUR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).