Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
Euro/Maldivian Rufiyaa (FOREX:EURMVR)
Sidelines Mode (+55) - EURMVR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Nov 15th, 2023 at 16.863897
The intermediate-term trend has been UP since Nov 8th, 2023 at 16.304722
The short-term trend has been DOWN since Dec 1st, 2023 at 16.802153
Smart Scan Analysis for EURMVR
Based on our trend formula, EURMVR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).