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Forex Trend Analysis Report
Prepared for you on Friday, April 19, 2024.
British Pound/Maldivian Rufiyaa (FOREX:GBPMVR)
Strong Downtrend (-100) - GBPMVR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPMVR continues to fall. 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.
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MarketClub’s Trade Triangles for GBPMVR
The long-term trend has been DOWN since Apr 12th, 2024 at 19.275444
The intermediate-term trend has been DOWN since Apr 12th, 2024 at 19.439273
The short-term trend has been DOWN since Apr 12th, 2024 at 19.553779
Smart Scan Analysis for GBPMVR
Based on our trend formula, GBPMVR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 19.254976 | 19.254976 | 19.220844 | 19.220844 | -0.034132 |
| Prev. Close | Volume | Bid | Ask | Time |
| 19.254976 | 2024-04-18 16:02:24 |