Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, September 21, 2023.

British Pound/Mauritius Rupee (FOREX:GBPMUR)

Strong Downtrend (-100) - GBPMUR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPMUR continues to fall. Traders should use caution and set stops.

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.

FOREX_GBPMUR
Open High Low GBPMUR Price Change
55.327011 55.414221 54.940998 54.940998 -0.386013
Entry Signal

MarketClub’s Trade Triangles for GBPMUR

long term down The long-term trend has been DOWN since Sep 7th, 2023 at 56.342044

intermediate term down The intermediate-term trend has been DOWN since Sep 6th, 2023 at 56.927474

short term down The short-term trend has been DOWN since Sep 13th, 2023 at 56.255927

Smart Scan Analysis for GBPMUR

Based on our trend formula, GBPMUR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for GBPMUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
55.327011 55.414221 54.940998 54.940998 -0.386013
Prev. Close Volume Bid Ask Time
55.327011 2023-09-21 04:56:59
Get a free daily analysis and signals for British Pound/Mauritius Rupee (GBPMUR) - Request Your Free Report.