Forex Trend Analysis Report
Prepared for you on Saturday, March 6, 2021.
British Pound/Mauritius Rupee (FOREX:GBPMUR)
Sidelines Mode (+55) - GBPMUR 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 GBPMUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPMUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPMUR
The long-term trend has been UP since Nov 23rd, 2020 at 53.742802
The intermediate-term trend has been UP since Dec 31st, 2020 at 54.130274
The short-term trend has been DOWN since Feb 25th, 2021 at 55.530300
Smart Scan Analysis for GBPMUR
Based on our trend formula, GBPMUR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).