Forex Trend Analysis Report
Prepared for you on Tuesday, March 28, 2023.
Mauritius Rupee/British Pound (FOREX:MURGBP)
Countertrend Down (-85) - MURGBP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid MURGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for MURGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MURGBP
The long-term trend has been DOWN since Dec 4th, 2022 at 0.01864898
The intermediate-term trend has been DOWN since Jan 12th, 2023 at 0.01854902
The short-term trend has been UP since Mar 24th, 2023 at 0.01766494
Smart Scan Analysis for MURGBP
Based on our trend formula, MURGBP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).