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Forex Trend Analysis Report

Prepared for you on Monday, April 22, 2024.

British Pound/Mauritius Rupee (FOREX:GBPMUR)

Crossroads (-60) - GBPMUR is struggling to move into a solid trend. Beware of choppy markets 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.

FOREX_GBPMUR
Open High Low GBPMUR Price Change
57.620150 57.620150 57.280148 57.408116 -0.212034
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 Apr 22nd, 2024 at 57.563905

short term down The short-term trend has been DOWN since Apr 19th, 2024 at 57.599738

Smart Scan Analysis for GBPMUR

Based on our trend formula, GBPMUR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for GBPMUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
57.620150 57.620150 57.280148 57.408116 -0.212034
Prev. Close Volume Bid Ask Time
57.620150 2024-04-22 11:51:53
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