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Forex Trend Analysis Report

Prepared for you on Tuesday, January 21, 2020.

Euro/Maldivian Rufiyaa (FOREX:EURMVR)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_EURMVR
Open High Low EURMVR Price Change
17.181472 17.181472 17.181472 17.181472 0.000000
Entry Signal

MarketClub’s Trade Triangles for EURMVR

long term up The long term trend has been UP since Dec 12th, 2019 at 17.216403

intermediate term down The intermediate term trend has been DOWN since Jan 20th, 2020 at 17.165904

short term down The short term trend has been DOWN since Jan 7th, 2020 at 17.288648

Smart Scan Analysis for EURMVR

Based on a pre-defined weighted trend formula for chart analysis, EURMVR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for EURMVR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
17.181472 17.181472 17.181472 17.181472 0.000000
Prev. Close Volume Bid Ask Time
17.181472 16.903634 17.459309 2020-01-21 09:37:05
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