Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, August 4, 2020.

British Pound/Maldivian Rufiyaa (FOREX:GBPMVR)

Countertrend Up (+85) - GBPMVR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
20.021958 20.021958 20.021958 20.021958 0.000000
Entry Signal

MarketClub’s Trade Triangles for GBPMVR

long term up The long-term trend has been UP since Jul 21st, 2020 at 19.796546

intermediate term up The intermediate-term trend has been UP since Jun 1st, 2020 at 19.112843

short term up The short-term trend has been UP since Jul 2nd, 2020 at 19.137835

Smart Scan Analysis for GBPMVR

Based on our trend formula, GBPMVR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for GBPMVR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
20.021958 20.021958 20.021958 20.021958 0.000000
Prev. Close Volume Bid Ask Time
20.021958 19.762101 20.281815 2020-08-04 09:44:22
Get a free daily analysis and signals for British Pound/Maldivian Rufiyaa (GBPMVR) - Request Your Free Report.