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.
MarketClub’s Trade Triangles for MURGBP
The long-term trend has been DOWN since Nov 25th, 2020 at 0.01861884
The intermediate-term trend has been DOWN since Oct 14th, 2021 at 0.01693713
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).