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.
MarketClub’s Trade Triangles for EURMVR
The long-term trend has been DOWN since Mar 4th, 2022 at 17.193718
The intermediate-term trend has been UP since Jul 29th, 2022 at 15.610999
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).