Forex Trend Analysis Report
Prepared for you on Saturday, January 25, 2020.
Mauritius Rupee/Euro (FOREX:MUREUR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for MUREUR
The long term trend has been DOWN since May 15th, 2019 at 0.02535300
The intermediate term trend has been UP since Jan 24th, 2020 at 0.02486069
The short term trend has been UP since Jan 23rd, 2020 at 0.02479896
Smart Scan Analysis for MUREUR
Based on a pre-defined weighted trend formula for chart analysis, MUREUR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).