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.
MarketClub’s Trade Triangles for EURMVR
The long-term trend has been UP since Jun 4th, 2020 at 17.531004
The intermediate-term trend has been UP since Apr 28th, 2020 at 16.811904
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).