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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

British Pound/Maldivian Rufiyaa (FOREX:GBPMVR)

Sidelines Mode (+50) - GBPMVR is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until GBPMVR can gain momentum.

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
21.335359 21.335359 21.335359 21.335359 0.000000
Entry Signal

MarketClub’s Trade Triangles for GBPMVR

long term down The long-term trend has been DOWN since Jul 1st, 2021 at 21.196047

intermediate term up The intermediate-term trend has been UP since Oct 18th, 2021 at 21.100798

short term up The short-term trend has been UP since Oct 14th, 2021 at 21.070045

Smart Scan Analysis for GBPMVR

Based on our trend formula, GBPMVR is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for GBPMVR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
21.335359 21.335359 21.335359 21.335359 0.000000
Prev. Close Volume Bid Ask Time
21.335359 2021-10-21 11:29:44
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