Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
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.
MarketClub’s Trade Triangles for GBPMVR
The long-term trend has been UP since Nov 15th, 2023 at 19.617488
The intermediate-term trend has been UP since Nov 8th, 2023 at 18.751565
The short-term trend has been UP since Nov 8th, 2023 at 18.699641
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).