Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Mauritius Rupee/British Pound (FOREX:MURGBP)
Bear Market Rally (-75) - MURGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MURGBP as it may be in the beginning of a reversal.
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 Dec 31st, 2020 at 0.01848522
The short-term trend has been UP since Feb 26th, 2021 at 0.01804546
Smart Scan Analysis for MURGBP
Based on our trend formula, MURGBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).