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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
British Pound/Maldivian Rufiyaa (FOREX:GBPMVR)
Sidelines Mode (+55) - GBPMVR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
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MarketClub’s Trade Triangles for GBPMVR
The long-term trend has been UP since Jul 5th, 2024 at 19.715405
The intermediate-term trend has been UP since Jul 5th, 2024 at 19.715246
The short-term trend has been DOWN since Jul 19th, 2024 at 19.937156
Smart Scan Analysis for GBPMVR
Based on our trend formula, GBPMVR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 19.850988 | 19.850988 | 19.850988 | 19.850988 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 19.850988 | 2024-07-24 12:36:13 |