Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2025.
British Pound/Maldivian Rufiyaa (FOREX:GBPMVR)
Long-Term Downtrend (-90) - GBPMVR is in a strong downtrend that is likely to continue. While GBPMVR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 Nov 26th, 2024 at 19.553037
The intermediate-term trend has been DOWN since Jan 13th, 2025 at 18.961517
The short-term trend has been DOWN since Jan 9th, 2025 at 19.613568
Smart Scan Analysis for GBPMVR
Based on our trend formula, GBPMVR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 18.8416 | 18.8416 | 18.8416 | 18.8416 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 18.8236 | 2025-01-16 14:20:06 |