Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
British Pound/Maldivian Rufiyaa (FOREX:GBPMVR)
Sidelines Mode (+50) - GBPMVR is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until GBPMVR can gain momentum.
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 Jul 1st, 2021 at 21.196047
The intermediate-term trend has been UP since Oct 18th, 2021 at 21.100798
The short-term trend has been UP since Oct 14th, 2021 at 21.070045
Smart Scan Analysis for GBPMVR
Based on our trend formula, GBPMVR is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).