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Forex Trend Analysis Report

Prepared for you on Monday, October 18, 2021.

Mauritius Rupee/British Pound (FOREX:MURGBP)

Strong Downtrend (-100) - MURGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution 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.

FOREX_MURGBP
Open High Low MURGBP Price Change
0.01701969 0.01710150 0.01693492 0.01695791 -0.00006200
Entry Signal

MarketClub’s Trade Triangles for MURGBP

long term down The long-term trend has been DOWN since Nov 25th, 2020 at 0.01861884

intermediate term down The intermediate-term trend has been DOWN since Oct 14th, 2021 at 0.01693713

short term down The short-term trend has been DOWN since Oct 14th, 2021 at 0.01704670

Smart Scan Analysis for MURGBP

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

-100
Smart Scan Analysis for MURGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01701969 0.01710150 0.01693492 0.01695791 -0.00006200
Prev. Close Volume Bid Ask Time
0.01701969 2021-10-18 21:43:15
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