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Forex Trend Analysis Report

Prepared for you on Wednesday, April 1, 2020.

British Pound/Maldivian Rufiyaa (FOREX:GBPMVR)

Bear Market Rally (-75) - GBPMVR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPMVR as it may be in the beginning of a reversal.

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
19.133825 19.133825 19.085672 19.085672 -0.048153
Entry Signal

MarketClub’s Trade Triangles for GBPMVR

long term down The long-term trend has been DOWN since Mar 2nd, 2020 at 19.896188

intermediate term down The intermediate-term trend has been DOWN since Feb 10th, 2020 at 20.023756

short term up The short-term trend has been UP since Mar 24th, 2020 at 18.143047

Smart Scan Analysis for GBPMVR

Based on our trend formula, GBPMVR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for GBPMVR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
19.133825 19.133825 19.085672 19.085672 -0.048153
Prev. Close Volume Bid Ask Time
19.131299 18.831692 19.339652 2020-03-31 13:25:57
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