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Forex Trend Analysis Report

Prepared for you on Thursday, April 18, 2024.

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
19.266994 19.266994 19.266994 19.266994 0.000000
Entry Signal

MarketClub’s Trade Triangles for GBPMVR

long term down The long-term trend has been DOWN since Apr 12th, 2024 at 19.275444

intermediate term down The intermediate-term trend has been DOWN since Apr 12th, 2024 at 19.439273

short term down The short-term trend has been DOWN since Apr 12th, 2024 at 19.553779

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
19.266994 19.266994 19.266994 19.266994 0.000000
Prev. Close Volume Bid Ask Time
19.185898 2024-04-15 09:54:36
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