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Forex Trend Analysis Report

Prepared for you on Tuesday, July 23, 2024.

Euro/Maldivian Rufiyaa (FOREX:EURMVR)

Bear Market Rally (-75) - EURMVR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURMVR as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid EURMVR?

MarketClub looks at technical strength and momentum to determine if the timing is right for EURMVR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EURMVR
Open High Low EURMVR Price Change
16.660609 16.660609 16.660609 16.660609 0.000000
Entry Signal

MarketClub’s Trade Triangles for EURMVR

long term down The long-term trend has been DOWN since Apr 12th, 2024 at 16.446664

intermediate term up The intermediate-term trend has been UP since Jul 5th, 2024 at 16.650094

short term down The short-term trend has been DOWN since Jul 19th, 2024 at 16.777153

Smart Scan Analysis for EURMVR

Based on our trend formula, EURMVR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for EURMVR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
16.660609 16.660609 16.660609 16.660609 0.000000
Prev. Close Volume Bid Ask Time
16.660609 2024-07-23 18:17:04
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