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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.

FOREX_MURGBP
Open High Low MURGBP Price Change
0.01766957 0.01768618 0.01756404 0.01757413 -0.00009500
Entry Signal

MarketClub’s Trade Triangles for MURGBP

long term down The long-term trend has been DOWN since Dec 4th, 2022 at 0.01864898

intermediate term down The intermediate-term trend has been DOWN since Jan 12th, 2023 at 0.01854902

short term up 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).

-85
Smart Scan Analysis for MURGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01766957 0.01768618 0.01756404 0.01757413 -0.00009500
Prev. Close Volume Bid Ask Time
0.01766957 2023-03-28 16:25:18
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