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Forex Trend Analysis Report

Prepared for you on Wednesday, November 29, 2023.

British Pound/Maldivian Rufiyaa (FOREX:GBPMVR)

Countertrend Up (+85) - GBPMVR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid GBPMVR?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPMVR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPMVR
Open High Low GBPMVR Price Change
19.185635 19.185635 19.185635 19.185635 0.000000
Entry Signal

MarketClub’s Trade Triangles for GBPMVR

long term up The long-term trend has been UP since Nov 15th, 2023 at 19.617488

intermediate term up The intermediate-term trend has been UP since Nov 8th, 2023 at 18.751565

short term up The short-term trend has been UP since Nov 8th, 2023 at 18.699641

Smart Scan Analysis for GBPMVR

Based on our trend formula, GBPMVR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for GBPMVR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
19.185635 19.185635 19.185635 19.185635 0.000000
Prev. Close Volume Bid Ask Time
19.512752 2023-11-17 10:37:12
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