Forex Trend Analysis Report
Prepared for you on Wednesday, April 1, 2020.
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.
MarketClub’s Trade Triangles for EURMVR
The long-term trend has been DOWN since Mar 19th, 2020 at 16.625975
The intermediate-term trend has been DOWN since Mar 17th, 2020 at 16.996981
The short-term trend has been UP since Mar 25th, 2020 at 16.639663
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).