Forex Trend Analysis Report
Prepared for you on Wednesday, April 1, 2020.
British Pound/Maldivian Rufiyaa (FOREX:GBPMVR)
Bear Market Rally (-75) - GBPMVR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPMVR as it may be in the beginning of a reversal.
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.
MarketClub’s Trade Triangles for GBPMVR
The long-term trend has been DOWN since Mar 2nd, 2020 at 19.896188
The intermediate-term trend has been DOWN since Feb 10th, 2020 at 20.023756
The short-term trend has been UP since Mar 24th, 2020 at 18.143047
Smart Scan Analysis for GBPMVR
Based on our trend formula, GBPMVR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).