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Forex Trend Analysis Report

Prepared for you on Monday, July 4, 2022.

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.

FOREX_GBPMVR
Open High Low GBPMVR Price Change
16.8375 16.8375 16.8375 16.8375 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPMVR

long term down The long-term trend has been DOWN since Mar 7th, 2022 at 20.369023

intermediate term down The intermediate-term trend has been DOWN since Jun 17th, 2022 at 19.095676

short term down The short-term trend has been DOWN since Jun 10th, 2022 at 19.283609

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).

-100
Smart Scan Analysis for GBPMVR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
16.8375 16.8375 16.8375 16.8375 0.0000
Prev. Close Volume Bid Ask Time
16.8375 2022-06-27 13:09:11
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