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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.

FOREX_EURMVR
Open High Low EURMVR Price Change
16.530926 16.530926 16.530926 16.530926 0.000000
Entry Signal

MarketClub’s Trade Triangles for EURMVR

long term up The long-term trend has been UP since Nov 15th, 2023 at 16.863897

intermediate term up The intermediate-term trend has been UP since Nov 8th, 2023 at 16.304722

short term down 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).

+55
Smart Scan Analysis for EURMVR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
16.530926 16.530926 16.530926 16.530926 0.000000
Prev. Close Volume Bid Ask Time
16.530926 2023-12-08 13:37:40
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