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Forex Trend Analysis Report

Prepared for you on Monday, March 27, 2023.

British Pound/Maldivian Rufiyaa (FOREX:GBPMVR)

Crossroads (-60) - GBPMVR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
18.972871 18.972871 18.972871 18.972871 0.000000
Entry Signal

MarketClub’s Trade Triangles for GBPMVR

long term down The long-term trend has been DOWN since Mar 2nd, 2023 at 18.331264

intermediate term up The intermediate-term trend has been UP since Mar 14th, 2023 at 18.493538

short term up The short-term trend has been UP since Mar 14th, 2023 at 18.419443

Smart Scan Analysis for GBPMVR

Based on our trend formula, GBPMVR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for GBPMVR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
18.972871 18.972871 18.972871 18.972871 0.000000
Prev. Close Volume Bid Ask Time
18.972871 2023-03-27 10:36:56
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