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Forex Trend Analysis Report

Prepared for you on Monday, August 3, 2020.

Euro/Maldivian Rufiyaa (FOREX:EURMVR)

Countertrend Up (+85) - EURMVR 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 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
18.14709 18.14709 18.14709 18.14709 0.00000
Entry Signal

MarketClub’s Trade Triangles for EURMVR

long term up The long-term trend has been UP since Jun 4th, 2020 at 17.531004

intermediate term up The intermediate-term trend has been UP since Apr 28th, 2020 at 16.811904

short term up The short-term trend has been UP since Jun 23rd, 2020 at 17.292085

Smart Scan Analysis for EURMVR

Based on our trend formula, EURMVR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for EURMVR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
18.14709 18.14709 18.14709 18.14709 0.00000
Prev. Close Volume Bid Ask Time
18.14709 17.91738 18.37680 2020-07-31 17:21:20
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