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Forex Trend Analysis Report

Prepared for you on Friday, September 20, 2024.

British Pound/Mauritius Rupee (FOREX:GBPMUR)

Bull Market Weakness (+75) - GBPMUR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPMUR as it may be in the beginning stages of a reversal.

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
60.970818 60.988533 60.698768 60.907380 -0.063438
Entry Signal

MarketClub’s Trade Triangles for GBPMUR

long term up The long-term trend has been UP since Apr 16th, 2024 at 59.697168

intermediate term down The intermediate-term trend has been DOWN since Aug 5th, 2024 at 59.319337

short term up The short-term trend has been UP since Sep 18th, 2024 at 60.733829

Smart Scan Analysis for GBPMUR

Based on our trend formula, GBPMUR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for GBPMUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
60.970818 60.988533 60.698768 60.907380 -0.063438
Prev. Close Volume Bid Ask Time
60.970818 2024-09-20 00:59:54
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