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Forex Trend Analysis Report

Prepared for you on Thursday, August 18, 2022.

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
15.601448 15.601448 15.601448 15.601448 0.000000
Entry Signal

MarketClub’s Trade Triangles for EURMVR

long term down The long-term trend has been DOWN since Mar 4th, 2022 at 17.193718

intermediate term up The intermediate-term trend has been UP since Jul 29th, 2022 at 15.610999

short term down The short-term trend has been DOWN since Aug 15th, 2022 at 15.757364

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
15.601448 15.601448 15.601448 15.601448 0.000000
Prev. Close Volume Bid Ask Time
15.613319 2022-08-15 14:41:56
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