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Forex Trend Analysis Report
Prepared for you on Friday, April 19, 2024.
Euro/Maldivian Rufiyaa (FOREX:EURMVR)
Countertrend Down (-85) - EURMVR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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.
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MarketClub’s Trade Triangles for EURMVR
The long-term trend has been DOWN since Apr 12th, 2024 at 16.446664
The intermediate-term trend has been DOWN since Apr 12th, 2024 at 16.656787
The short-term trend has been UP since Apr 19th, 2024 at 16.472620
Smart Scan Analysis for EURMVR
Based on our trend formula, EURMVR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 16.483634 | 16.483634 | 16.452623 | 16.452623 | -0.031011 |
| Prev. Close | Volume | Bid | Ask | Time |
| 16.483634 | 2024-04-19 12:42:30 |